Abercrombie & Fitch shares soared on Wednesday after the American Eagle Outfitters-owned retailer raised its full-year outlook, thanks to strong demand for its latest collections..
The company’s shares jumped 10% to $24.58 in premarket trading, extending their gains for the year to date to about 46%..
Abercrombie & Fitch said it now expects net sales for the full year to increase by 2% to 4%, compared to its previous forecast of a 1% to 3% rise. Comparable sales are projected to grow by 2% to 4%, versus the prior guidance of a 1% to 3% increase..
The retailer attributed the upward revision to .
