Abercrombie & Fitch Shares Surge 33% After Q3 Beat and Raised Full-Year Outlook

Core Insights - Abercrombie & Fitch Co. shares surged over 33% following stronger-than-expected third-quarter results and an increase in full-year guidance, primarily driven by the Hollister brand's performance [1] Financial Performance - The company reported adjusted earnings of $2.36 per share, exceeding analyst expectations of $2.20 [1] - Revenue increased by 7% year-over-year to a record $1.3 billion, surpassing the consensus forecast of $1.28 billion, marking the 12th consecutive quarter of growth [1] Brand Performance - Hollister brands experienced a 16% sales increase, while Abercrombie-branded sales declined by 2% [2] - Revenue growth in the Americas and EMEA regions was 7%, which offset a 6% decline in the APAC region [2] Outlook - The company has narrowed and raised its full-year outlook, now projecting net sales growth of 6% to 7%, compared to the previous guidance of 5% to 7% [3] - Expected full-year diluted EPS is now projected to be between $10.20 and $10.50, above the analyst consensus of $10.06 [3] - For the fourth quarter, revenue growth is forecasted at 4% to 6%, with projected EPS of $3.40 to $3.70 [3]