Despite Its Plunge, American Eagle Outfitters Is Still An Excellent Fit For Your Portfolio
American Eagle Outfitters reported better-than-expected Q1 results, driven by strong performance from its Aerie brand. Despite a decline in the core American Eagle brand, management remains optimistic about future profitability. The company has guided for mid-single-digit sales growth moving forward.
- ▪American Eagle Outfitters exceeded Q1 revenue and EPS expectations.
- ▪Aerie brand saw a 33.6% increase in revenue, while the core brand experienced a 2.2% decline.
- ▪Management forecasts mid-single-digit comparable sales growth and operating income between $390 million and $410 million.
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