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The
retailer's shares rose about 6 percent to $31.14 in premarket
trading on Wednesday.
Abercrombie said sales at stores open at least 12 months rose 1
percent in the fourth quarter ended Jan. 30, breaking a streak
of more than 3 years of decline.
Analysts on average were expecting comparable sales to decline
0.10 percent, according to research firm Consensus Metrix.
The company has been offering trendier clothing such as floral
prints, aiming to win back customers who shunned its
once-popular preppy, logo-centric apparel.
Abercrombie said it expected comparable sales to be flat to
slightly positive in fiscal 2016. Analysts on average had
expected a rise of 0.8 percent.
Net income attributable to the company rose 30.1 percent to
$57.7 million in the latest fourth quarter. Excluding items, it
earned $1.08 per share.
Net sales fell 0.6 pct to $1.11 billion, shy of analysts average
estimate of $1.10 billion, according to Thomson Reuters I/B/E/S.
(Reporting by Subrat Patnaik in Bengaluru; Editing by Savio
D'Souza)
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