Why American Eagle Shares Are Diving After Hours
Portfolio Pulse from Adam Eckert
American Eagle Outfitters (AEO) shares dropped after the company reported Q1 revenue of $1.08 billion, beating estimates, and EPS of 17 cents, in line with estimates. Store revenue increased 5% YoY, while digital revenue declined 4%. The company plans to maintain inventory discipline and focus on rebuilding operating margins.
May 24, 2023 | 8:57 pm
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American Eagle shares fell after Q1 results showed revenue beat estimates but digital revenue declined. The company plans to maintain inventory discipline and focus on rebuilding operating margins.
American Eagle's Q1 results showed mixed performance, with revenue beating estimates but digital revenue declining. The company's focus on inventory discipline and rebuilding operating margins may lead to short-term challenges, causing the stock price to drop.
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RELEVANCE 100