For its fiscal fourth quarter ending January, Abercrombie now sees net sales increasing between 7% and 8% from last year, better than past guidance calling for a 5% to 7% increase

Abercrombie & Fitch reported strong holiday sales, but concerns about weaker earnings growth than analysts had expected drove its stock price down. The retailer expects net sales for the fiscal quarter ending Jan.

Abercrombie & Fitch on Monday raised its annual net sales growth target for the current quarter helped by strong demand for its apparel collections during the holiday shopping season.