) are soaring on Wednesday, propelled by the company's first quarter earnings beat on both the top and bottom lines. The apparel retailer reported revenue of $1.02 billion, surpassing analysts' estimates of $958.71 million. Abercrombie & Fitch's adjusted earnings per share reached $2.14, above the expected $1.69.Rallying on Wednesday after beating profit expectations and posting strong sales in the first quarter.
So for Abercrombie again to put up a I would say mind blowing quarter is uh a very much an Abercrombie driven story.It's that it's just planning its business very well and it's not overstocking items.Well, one area of the business that really caught me by surprise guys on the conference call moments ago was the wedding.
But it makes sense because it also re the remaining committed to their loyal customers and they're playing into that base that has worked well for them.Well, look, I saw, I saw the fit and I was upset because you were teasing this to us before.But also interesting to uh Abercrombie noting on the conference call that they are now going to, I think now that their US business is solid.
So look for the company now to expand overseas a little more aggressively and thoughtfully and then also open up a good number of stores here in the US in the back half of the year.But they have stuff that you could wear for your wedding.Yeah, get you geared up for your back.It's not me but it is here.
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