While Market Bleeds, These 10 Firms Soar

3. Abercrombie & Fitch Co. (NYSE:ANF)

Abercrombie grew its share prices by 14.67 percent on Wednesday to finish at $88.47 apiece as investor sentiment was boosted by higher net sales in the first quarter of the year despite a challenging market environment.

In a statement, Abercrombie & Fitch Co. (NYSE:ANF) said net sales grew by 7.5 percent to $1.097 billion from the $1.020 billion registered in the same period last year, with the Hollister brand achieving a 22-percent growth during the period. Net sales from Abercrombie, on the other hand, dipped by 4 percent year-on-year.

Attributable net income, however, dropped by 29 percent to $80.4 million from the $113.8 million recorded in the same period a year earlier.

Despite the decline, Abercrombie & Fitch Co. (NYSE:ANF) CEO Fran Horowitz said the net income figure exceeded its earlier expectations.

For the full year, Abercrombie & Fitch Co. (NYSE:ANF) now expects net sales to grow between 3 and 6 percent, slightly higher than the high-end range of 5 percent as previously expected.

The company also aims to grow its net sales between 3 and 5 percent for the second quarter alone.