American Eagle Outfitters, Inc. (NYSE:AEO) shares rose after reporting Q4 earnings that exceeded analyst expectations. The company announced adjusted earnings per share of 61 cents, surpassing the consensus of 50 cents, and revenues of $1.679 billion, beating the expected $1.66 billion. Sales increased by 12% year over year, with store revenue up 10% and digital revenue up 19%. The company also reported a quarterly adjusted gross profit of $626 million, a 23% increase, and a gross margin rate improvement of 340 basis points. Looking ahead, American Eagle expects FY24 revenue growth of 2%-4% and operating income of $445 million-$465 million, with first-quarter operating income projected at $65 million-$70 million.