Abercrombie & Fitch Co.
(NYSE:ANF) stock rose Wednesday after the apparel retailer reported first-quarter earnings that topped Wall Street expectations, helped by strong growth in the Asia-Pacific region despite softer demand in Europe and the Middle East.
Investors also focused on the company's artificial intelligence investments, tariff relief and international expansion plans as management navigates ongoing geopolitical uncertainty.
Quarterly Results The company reported first-quarter adjusted earnings of $1.47 per share, beating the analyst consensus estimate of $1.27 per share.
Quarterly sales increased 2% year over year to record $1.114 billion but missed Wall Street expectations of $1.124 billion.
