American Eagle Outfitters (AEO) Tops Q3 EPS by 1c
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American Eagle Outfitters Reports Third Quarter Results
November 24, 2020 4:01 PM EST
Aeries momentum continues, posting 34% revenue growth and record profits
Digital revenue increased 29%, with Aerie growing 83% and AE up 11%
Gross profit rate expanded, fueled by greater full-price selling across brands
Positive cash flow further strengthened financial health, ending with $692 million in cash
AEO well-positioned for holiday season
PITTSBURGH--(BUSINESS WIRE)-- American Eagle Outfitters, Inc. (NYSE: AEO) today reported operating income of $96 million for the 13 weeks ended October 31, 2020, compared to $103 million for the 13 weeks ended November 2, 2019.... More
