American Eagle Outfitters Exec Says As A Result Of Restructuring Actions Taken In Q4, Co Expects D&A Of About $220M For The Full Year; Co Expects Comparable Sales Growth To Be Stronger In H1 At Mid-Single Digits, While H2 Comp Growth Is Expected To Be In The Low Single Digits; Co Expects Total Revenue And Profit Growth To Be Skewed To The First Half Of The Year
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American Eagle Outfitters expects stronger sales growth and revenue in H1 due to Q4 restructuring, with D&A at $220M for the year. H2 growth anticipated to be lower.
March 07, 2024 | 4:27 pm
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American Eagle Outfitters anticipates stronger sales and revenue growth in H1 due to Q4 restructuring efforts, with a full-year depreciation and amortization of $220M.
The company's restructuring actions in Q4 are expected to positively impact sales and revenue growth in the first half of the year. The anticipation of stronger sales growth in H1, coupled with a specific forecast for depreciation and amortization, suggests a strategic focus on improving financial health and operational efficiency. However, the expectation of lower growth in H2 indicates a cautious outlook for the latter part of the year.
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