American Eagle Outfitters Sees Q3 Operating Income Of $120M-$125M; Company Expects Comparable Sales To Increase 3%-4%, With Total Revenue Flat To Up Slightly
Portfolio Pulse from Nabaparna Bhattacharya
American Eagle Outfitters projects Q3 operating income between $120M-$125M and expects comparable sales to rise by 3%-4%, with total revenue remaining flat or increasing slightly.
August 29, 2024 | 12:11 pm
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American Eagle Outfitters anticipates Q3 operating income of $120M-$125M and a 3%-4% increase in comparable sales, with total revenue flat to slightly up.
The positive forecast for operating income and comparable sales suggests a strong performance for AEO in Q3, likely boosting investor confidence and potentially leading to a short-term increase in stock price.
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IMPORTANCE 80
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