Abercrombie & Fitch (ANF) shares surged more than 25% Wednesday morning after the apparel retailer reported better first-quarter results than analysts had expected.

The company reported 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $1.59 on sꦓales that grew 8% year-over-year to a record $1.10 billion. Analysts surveyed by Visib💝le Alpha had forecast $1.41 and $1.06 billion, respectively.

Comparable sales rose 4%, well above the 2.3% growth that analysts had projected. Sales grew across all three of the company's geographic regions, while a 4% drop in sales at the Abercrombie brand was offset by a 22% jump at Hollister.

Retailer Lifts Full-Year Sales Outlook, ﷺCuts Pro✃fit Projection

Abercrombie & Fitch raised the top end of its full-year sales growth forecast to 3% to 6% growth from the prior 3% to 5% range. The retailer lowered its projected EPS range to $9.50 to $10.50 from $10.40 to $11.40 澳洲幸运5官方开奖结果体彩网:previously. The company said the new outlook "assumes approximately $50 million of tariff expense, or 100 澳洲幸运5官方开奖结果体彩网:basis points as a percent of net sales."

The 🔥retailer forecasts second-quarter sales growth of 3% to 5% and EPS of $2.10 to $2.30. Visible Alpha consensus calls for sales growth of 4.1% and 🦋EPS of $2.56.

Shares were up 💝27% just after markets opened. They entered Wednesday down nearly 50% since the start of the year.

UPDATE—This article has been updated with the latest share price information