Abercrombie & Fitch (ANF) earnings Q3 2023


Abercrombie & Fitch.

Courtesy: Abercrombie & Fitch

Abercrombie & Fitch on Tuesday blew past estimates as it posted a 20% jump in sales thanks to a strong back-to-school shopping season and growth at both its namesake brand and Hollister. 

The longtime mall retailer, which has bounced back after years of stagnation, also raised its outlook again as it continues to defy an overall slowdown across the apparel industry. 

Shares of the company climbed more than 2% on Tuesday. The stock is up 223% on the year.

Here’s how Abercrombie did in its fiscal third quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG, formerly known as Refinitiv:

  • Earnings per…

Source cnbc.com

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