Abercrombie & Fitch Reports Record Q1 Sales Surge and Raises Growth Forecast

Abercrombie & Fitch reported its strongest first quarter ever, with sales up 22% and profits nearly seven times higher than last year, significantly surpassing Wall Street expectations. The company's shares surged 24% as it continues to see broad-based growth across regions and brands. Abercrombie has raised its revenue guidance for the year, driven by successful marketing, inventory management, and new product lines like the A&F Wedding Shop. The retailer's transformation towards inclusivity and effective use of influencers has also contributed to its impressive performance.