Abercrombie & Fitch shares surged on Thursday after the struggling teen retailer raised its full-year outlook, boosted by strong back-to-school demand and an improvement in its debt position. The company’s stock price jumped more than 15% in premarket trading, hitting its highest level since February 2022. Abercrombie now expects net sales for the full year to increase by 2%-4%, compared with its previous forecast of a 1%-3% rise. It also narrowed its loss per share guidance to $1.10-$1.25 from $1.15-$1.30. The improved outlook comes as Abercrombie continues to benefit from the strength of its back-to-school business. The company said that it saw .
Abercrombie Soars After Raising Full-Year Outlook
