American Eagle Outfitters Raises FY2024 Operating Income Guidance From $250M-$270M To $325M-$350M; For Q3, Management's Outlook Reflects Revenue Up Low Single Digits With Operating Income In The Range Of $115M-$125M
Portfolio Pulse from Happy Mohamed
American Eagle Outfitters has raised its FY2024 operating income guidance from $250M-$270M to $325M-$350M, reflecting better than expected business performance in Q2 and continued profit improvement. For Q3, the company expects revenue to increase by low single digits with operating income in the range of $115M-$125M. The company also expects SG&A to increase in the low double digits for the year.
September 06, 2023 | 8:21 pm
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American Eagle Outfitters has raised its FY2024 operating income guidance, reflecting better than expected business performance. This could potentially lead to a positive impact on the company's stock.
The raised guidance indicates that the company is performing better than previously expected, which is typically a positive signal to investors and could lead to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100