American Eagle Outfitters Updates FY24 Operating Income Outlook To $455M-$465M, High End Of Prior Guidance; Projects Comparable Sales To Rise 4%, With Total Revenue Up 2%-3%
Portfolio Pulse from Nabaparna Bhattacharya
American Eagle Outfitters has updated its FY24 operating income outlook to $455M-$465M, reaching the high end of its prior guidance. The company projects a 4% rise in comparable sales and a 2%-3% increase in total revenue.
August 29, 2024 | 12:09 pm
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American Eagle Outfitters has raised its FY24 operating income outlook to $455M-$465M, indicating strong financial performance. The company expects a 4% increase in comparable sales and a 2%-3% rise in total revenue.
The update to the operating income outlook to the high end of prior guidance suggests better-than-expected financial performance. The projected increase in comparable sales and total revenue further supports a positive outlook for AEO's stock price in the short term.
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IMPORTANCE 90
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