American Eagle Outfitters Q1 Outlook: Revenue Growth Mid Single Digits, Operating Income $65M - $70M
Portfolio Pulse from Benzinga Newsdesk
American Eagle Outfitters (AEO) provided its Q1 and Fiscal 2024 outlook, expecting Q1 operating income between $65M-$70M with mid-single digit revenue growth. For Fiscal 2024, operating income is projected between $445M-$465M, with 2-4% revenue growth. The company anticipates the first half of the year to show stronger growth due to easier comparisons and the impact of the retail calendar shift, including one less selling week in Q4.
March 07, 2024 | 1:09 pm
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American Eagle Outfitters expects Q1 operating income between $65M-$70M and mid-single digit revenue growth. Fiscal 2024 outlook projects $445M-$465M operating income and 2-4% revenue growth, with a stronger performance in H1.
The positive outlook for both Q1 and Fiscal 2024, with expected revenue and operating income growth, is likely to be viewed favorably by investors. The anticipation of stronger growth in the first half of the year due to easier comparisons and the retail calendar shift could drive investor optimism and potentially boost AEO's stock price in the short term.
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