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+7%!

http://biz.yahoo.com/ap/070412/abercrombie_mover.html?.v=1

"(We) believe this momentum could be sustained through summer and possibly fall . . . .

The analyst said she expects negative same-store sales results in April due to the Easter holiday shift to March, but raised her earnings estimates for the fiscal first quarter by a penny to 65 cents per share.

. . .

"We look for the shares to outperform the market by at least 25 percent over the next 12 months, benefiting from the ability to drive operating profitability gains on modest comps, ongoing square-footage growth across multiple concepts and over $7 per share in cash," Levitan wrote

http://biz.yahoo.com/ap/070412/abercrombie_fitch_sales.html?.v=1

Year-to-date, same-store sales are up 1 percent, while total sales are ahead 20 percent to $537.8 million from $449.5 million.

Amazing. Total sales up 20 percent for the year. I was thinking recently that ANF might actually miss this quarter with the weak comps as of late. What is it that makes kids want to buy this overpriced [fashionable stuff]?
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