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.

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 Co. (NYSE:ANF) provided a business update ahead of the mall retailer's presentation at the ICR Conference this week. Notably, the company boosted its sales outlook for the holiday quarter and the full fiscal year.