Lifestyle retailer Abercrombie & Fitch’s stock surged Wednesday following news that the company’s Q2 earning far exceeded Wall Street expectations.
Abercrombie pulled in $935.3 million in sales last quarter compared to analysts’ $842.4 million estimates.
According to company CEO Fran Horowitz, Abercrombie’s sales grew throughout the period across all regions and genders.
As a result, Abercombie’s stock closed 23% higher on Wednesday.
