As per BitJie, Abercrombie & Fitch (NYSE: ANF) saw its stock rise 45% over five trading days following the release of strong Q3 earnings and a positive sales outlook. The company reported EPS of $2.36, exceeding expectations of $2.16, and revenue of $1.29 billion, slightly above forecasts. Management also raised its full-year sales growth guidance to 6-7%, surpassing the 6.2% expected by analysts. The Hollister brand contributed significantly, with a 16% sales increase in Q3. Despite the recent gains, ANF shares remain 34% below their 2024 peak and trade at a forward P/E of under 10.
Abercrombie & Fitch Stock Surges 45% on Strong Q3 Earnings and Outlook
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