Abercrombie shares jump early after profit beat revives turnaround talk
Abercrombie & Fitch rose 4%-5% in premarket trading after first-quarter earnings per share hit $1.47, beating analyst estimates. Net sales increased 2% to $1.11 billion, with Americas up 3% and APAC up 24%, but EMEA down 10%. The company maintained its full-year outlook for 3%-5% sales growth. Comparable sales dropped 1% as Hollister sales stayed flat.