Abercrombie & Fitch Stock Hits Record on Booming Sales and Higher Guidance

Key TakeawaysAbercrombie & Fitch beat earnings and revenue forecasts and raised its guidance as sales advanced across its brands and regions.The clothing retailer set a first-quarter record for revenue, boosted by a 31% jump in sales of its Abercrombie brand.Abercrombie shares soared to an all-time high on the news. Abercrombie & Fitch (ANF) shares soared to an all-time high Wednesday as the clothing retailer’s first-quarter results easily exceeded estimates and it raised its outlook as sales rose for all r ...