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MarketBeat
MarketBeat
Jennifer Ryan Woods

Abercrombie Rallies as Strong Q1 Earnings Extend Winning Streak

Abercrombie & Fitch Co. (NYSE: ANF) surged Wednesday after the retailer delivered another quarter of better-than-expected earnings and extended its streak of sales growth to 14 consecutive quarters.

Shares of the apparel and accessories retailer, whose core brands include Abercrombie and Hollister, jumped about 12% following the report, helping revive momentum in a stock that has been under heavy pressure in recent months.

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