🟢 ANF is trading 4.2% up today after sizable Q1 EPS beat and reaffirmed guidance

ANF is trading 4.2% up today at $77.90 after reporting a sizable Q1 earnings beat and maintaining its full-year outlook.

• The company delivered a significant EPS beat and modest 2% net sales growth, despite a 1% comparable sales decline and continued softness at Hollister.
• Management reaffirmed full-year guidance, projecting 3%–5% revenue growth and EPS in the range of $10.20–$11.00.
• Investors are prioritizing improved profitability and the reaffirmed outlook over slight misses in comparable sales and revenue.