earnings
confidence high
sentiment positive
materiality 0.75
AEO raises Q4 operating profit guidance to ~$130M on record holiday sales; revenue up ~8% QTD
AMERICAN EAGLE OUTFITTERS INC
- Q4-to-date revenue through Dec 30, 2023 up ~8%; American Eagle up high single digits, Aerie up low teens.
- Q4 operating profit guidance raised to ~$130M from previous $105-115M.
- Revenue outlook raised to low double digits, including 4-point benefit from 53rd week.
- CEO cites record holiday sales, strong merchandise margins, momentum continuing into January.