Reported 4 months ago
Shares of Abercrombie & Fitch Co. (ANF) are soaring due to the company's Q1 earnings beat where they reported revenue of $1.02 billion, exceeding analysts' estimates, and an adjusted EPS of $2.14, higher than expected. The retailer's success is attributed to strong sales growth, effective inventory management, and the unexpectedly popular wedding attire business.
Source: YAHOO