On Wednesday, Abercombie & Fitch Co. (NYSE: ANF) continued to surpass expectations. For the fiscal first quarter, sales jumped 22% YoY with profits multiplying about seven times compared to last year’s comparable quarter. Upon the report, shares rose 25% on Wednesday but tumbled on Thursday. Fiscal First Quarter Highlights For the quarter ended on May 4th, revenue rose 22% YoY to $1.02 billion, surpassing LSEG’s consensus estimate of $963.3 million. Net income skyrocketed to $113.9 million, whic
American Eagle's (AEO) Q1 results benefit from strength across its American Eagle and Aerie brands, as well as progress on its Powering Profitable Growth strategy.
Abercrombie earnings handily beat analyst views. Rival American Eagle Outfitters reported sluggish sales. Gap is due.