U.S. Markets closed

Abercrombie raises outlook

The teen-focused retailer said Q3 EPS jumped 53% to 87 cents, smashing views of 59 cents. Sales climbed 9% to $1.17 bil, beating views. Same-store sales declined 3% across its system, with a 4% drop at its flagship Abercrombie & Fitch (ANF), a 3% fall for Abercrombie Kids and a 1% decline at its Hollister brand. International sales soared 37%. Abercrombie raised its EPS outlook to an implied Q4 of $1.76-$1.91, above analyst estimates of $1.70. Shares jumped 34.5% to 41.92.