Abercrombie & Fitch's Sales Soar, Boosting Outlook and Forecast

Abercrombie & Fitch reported a 20% surge in sales for the third quarter, driven by a strong back-to-school shopping season and growth at its namesake brand and Hollister. The company also raised its outlook, expecting net sales growth of low double-digits for the holiday quarter and full-year net sales growth between 12% to 14%. Abercrombie's stock has soared this year as it continues to transform itself into an inclusive retailer with a product assortment that resonates with consumers.