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Abercrombie & Fitch’s Surprising Stock Soars by 273% in 2023

Abercrombie & Fitch, once a popular millennial retail fashion brand, has experienced a surprising comeback. The company’s stock has soared by 273% this year, outperforming tech giants like Nvidia and Meta. Abercrombie’s strong performance can be attributed to its ability to exceed revenue expectations and increase its sales outlook. Despite consumer spending trends indicating a pullback, the brand has managed to attract customers and outperform its competitors in the younger demographic. The company’s net sales were up 30% year-over-year in the latest quarter, further fueling investor optimism.