Abercrombie & Fitch jumps after boosting annual sales forecast
Abercrombie & Fitch shares surged nearly 19% premarket after the retailer raised the lower end of its annual sales and profit forecasts. Strong demand for Abercrombie and Hollister brands boosted outlooks, with FY25 sales now expected to grow 6% - 7%. The company also tightened EPS guidance to $10.20 - $10.50 as inventory remains tightly managed.