US Stocks Gain; Abercrombie & Fitch Posts Upbeat Earnings

1. ANF reported stronger-than-expected Q1 earnings of $1.59 per share. 2. Q1 sales reached $1.1 billion, surpassing estimates of $1.08 billion. 3. ANF projects 3% to 5% sales growth for Q2 and EPS between $2.10-$2.30. 4. Revised FY25 guidance now shows net sales growth of 3% to 6%. 5. Adjusted EPS guidance for FY25 now ranges from $9.50 to $10.50.