Why Abercrombie & Fitch Stock Surged Today
Shares of Abercrombie Fitch (NYSE: ANF) rocketed 37% higher on Tuesday after the apparel retailer's fiscal third-quarter profits exceeded investors' expectations.
Image source: Getty Images.
Abercrombie Fitch's revenue rose 7% year over year to $1.3 billion in the quarter ended Nov. 1. The gains were driven by the exceptional performance of the company's Hollister brand, which saw same-store sales rise by a blistering 15%. That more than offset a 7% decline in the retailer's namesake Abercrombie brand's comparable sales.
Source Fool.com
Abercrombie + Fitch A Aktie
77,60 €
-2,52 %
Die Abercrombie + Fitch A Aktie steht gut da: Deutlich mehr Buy- als Sell-Einschätzungen in der Community.
Ein Kursziel von 108 € für Abercrombie + Fitch A signalisiert eine potenzielle Steigerung von über 20% gegenüber dem aktuellen Kurs von 77.6 €.
