Abercrombie & Fitch Co (NYSE:ANF) shares were on the rise in pre-market trade after it reported market-beating fourth quarter results.
The retailer said in the quarter, net income came in at US$74.2mln or US$1.05 per share, up from the US$48.8mln or 71 US cents per share, recorded in the same period last year.
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Adjusted EPS stood at US$1.38, soundly beating market consensus of US$1.10.
The retailer clocked sales of US$1.19bn in the fourth quarter, up from US$1.04bn the year before, and well ahead of the US$1.16bn the market had been expecting.
Same-store sales grew 9%, with Hollister up 11% and its namesake brand up 5% in the quarter. The market had been expecting a 7.7% growth.
Abercrombie & Fitch is now guiding fiscal 2018 same-store sales and sales growth in the low-single digits.
The market is looking at same-store sales growth of 1.8% and sales of US$4.46bn, up from US$3.49bn this year.
In pre-market trade, its shares were up 4.22% at US$22.25.