Why Abercrombie & Fitch Stock Surged 35% Today

Abercrombie & Fitch stock surged 35% after the company boosted its full-year profit forecast. The retailer reported 5% net sales growth to $1.3 billion in Q2, marking its 15th consecutive quarter of growth. Strong performance from both Abercrombie and Hollister brands, particularly in Asia-Pacific, combined with ~$100 million in tariff refunds, drove operating income to $253 million. The company raised guidance to $13.10-$13.60 EPS and plans $500 million in share repurchases.