AEO Expects Q2 Revenue To Be Approximately Flat To Last Year, Ahead Of Previous Guidance For Revenue To Be Down Low-Single Digits
Portfolio Pulse from Benzinga Newsdesk
American Eagle Outfitters (AEO) has updated its Q2 guidance, expecting revenue to be approximately flat compared to last year. This is an improvement from previous guidance which predicted a low-single digit decrease in revenue.
August 04, 2023 | 1:20 pm
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AEO's updated Q2 guidance, which predicts flat revenue compared to last year, is an improvement from previous expectations of a low-single digit decrease. This could potentially have a positive impact on the company's stock.
Companies' stock prices often react to changes in revenue expectations. In this case, AEO's updated guidance, which predicts flat revenue compared to last year, is an improvement from previous expectations of a low-single digit decrease. This could be interpreted by the market as a positive sign, potentially leading to an increase in the company's stock price.
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