WASHINGTON (dpa-AFX) - Abercrombie & Fitch Co. (ANF) shares are climbing
over 16 percent on Wednesday after the announcement of a surge in first-quarter
profit, compared to the prior year.

The company's quarterly profit increased to $113.85 million or $2.14 per share
from $16.57 million or $0.32 per share in the prior-year quarter.

On an adjusted basis, profit stood at $2.14 per share, higher than analysts'
expectation of $1.73 per share. Analysts' estimates typically exclude special
items.

Revenue for the quarter grew 22 percent to $1.02 billion from $835.99 million in
the same quarter last year.

Looking forward, the company expects sales growth of around 10 percent in fiscal
2024 from $4.3 billion in fiscal 2023.

Currently, Abercrombie & Fitch's stock is moving up 16.43 percent, to $177.38
over the previous close of $152.39 on the New York Stock Exchange. It has traded
between $29.88 and $180.65 in the past one year.



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