American Eagle Outfitters: A Bird's Eye View Of Profit Margin Struggles And Future Outlook
Portfolio Pulse from Nabaparna Bhattacharya
American Eagle Outfitters reported Q1 revenues of $1.08 billion, beating estimates, but higher markdowns and increased rent expenses weighed on the results. Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating and lowered the price target to $12 from $17. The company now anticipates full-year sales to be flat to down low single digits Y/Y.
May 25, 2023 | 6:06 pm
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American Eagle Outfitters' Q1 revenue beat estimates, but higher expenses impacted results. Analyst Dana Telsey lowered the price target to $12 from $17 and reiterated a Market Perform rating.
American Eagle Outfitters reported better-than-expected Q1 revenue, but higher markdowns and increased rent expenses negatively impacted the results. This led to a lowered price target and a Market Perform rating from analyst Dana Telsey, which could result in a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100