Abercrombie & Fitch’s Stock Jumps as Quarterly Sales Surprise Wall Street

Abercrombie & Fitch’s ANF 37.54%increase; green up pointing triangle shares surged 35% Tuesday after the retailer said trends are improving for its flagship brand and shoppers are continuing to flock to Hollister.

The company said back-to-school sales were strong. Its namesake brand particularly benefited from a healthy transition to cold-weather categories in women’s apparel, Chief Executive Fran Horowitz said, resulting in a sequential improvement in comparable sales.