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.

Apparel retailer Abercrombie & Fitch lifted its end-of-year outlook today, but its shares were down nearly 20% in recent trading.

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. The company now expects fourth-quarter net sales to grow between 7% and 8%,