American Eagle Outfitters Q4 Comp Sales +6%, Aerie Comp Sales +13%
Portfolio Pulse from Benzinga Newsdesk
American Eagle Outfitters reported a 6% increase in Q4 comparable sales, with Aerie's comparable sales up 13%. Total net revenue rose 12% to $1.7 billion, aided by a 53rd week contributing $57 million. Store revenue increased by 10%, and total digital revenue grew by 19%. Aerie's revenue rose 16% to $538 million, while American Eagle's revenue increased 11% to $1.1 billion.
March 07, 2024 | 1:06 pm
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American Eagle Outfitters reported a 6% increase in Q4 comparable sales, with total net revenue rising 12% to $1.7 billion. Aerie's revenue rose 16% with comp sales up 13%.
The positive earnings report, showing significant growth in both American Eagle and Aerie brands, is likely to instill investor confidence and potentially drive up AEO's stock price in the short term. The reported increases in comparable sales, total revenue, and particularly the strong performance of the digital segment, are key indicators of the company's robust health and growth trajectory.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100