Abercrombie & Fitch shares surged after reporting a 22% year-on-year sales increase to $1.02 billion in Q1 FY24, surpassing analyst estimates. Adjusted EPS of $2.14 also beat expectations. The company raised its FY24 net sales growth outlook to 10% and operating margin to 14%. CEO Fran Horowitz attributed the success to strong assortments and marketing.