June 1, 2018 / 11:38 AM / 3 months ago

Abercrombie & Fitch tops same-store sales estimates

June 1 (Reuters) - Apparel retailer Abercrombie & Fitch Co topped Wall Street forecasts for quarterly same-store sales on Friday, led by stronger demand for Hollister surfwear as well as its namesake teen apparel line.

The company said sales at established stores rose 5 percent in the first quarter ended May 5. Analysts on average had expected a 4 percent increase, according to Thomson Reuters I/B/E/S.

Net sales rose to $730.9 million from $661.1 million. (Reporting by Uday Sampath in Bengaluru; Editing by Sai Sachin Ravikumar)

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