American Eagle Outfitters (AEO) tops Q4 expectations, unveils growth strategy
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American Eagle Outfitters (AEO) PT Raised to $23 at TD Cowen
March 11, 2024 4:10 PM EDTTD Cowen analyst Jonna Kim raised the price target on American Eagle Outfitters (NYSE: AEO) to $23.00 (from $21.00) while maintaining a Market Perform rating.
The analyst comments "AEO delivered a 11c 4Q23 EPS beat driven by gross margin upside and introduced FY24 and 1Q24 guide both above expectations.... More
American Eagle tops estimates on robust apparel demand, fewer discounts
March 7, 2024 8:10 AM ESTBy Juveria Tabassum
(Reuters) -American Eagle Outfitters on Thursday topped Wall Street estimates for the fourth quarter on robust demand for its full-price denims and active wear apparel during the crucial holiday shopping season in the United States.
The company's shares rose as much as 12.8%, after the owner of the Aerie brand also forecast revenue growth for full-year 2024 largely in line with analysts' expectations.
American Eagle also said it is aiming for a... More
American Eagle Outfitters (AEO) Tops Q4 EPS by 11c
March 7, 2024 8:05 AM ESTAmerican Eagle Outfitters (NYSE: AEO) reported Q4 EPS of $0.61, $0.11 better than the analyst estimate of $0.50. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.66 billion.
Outlook:
For Fiscal 2024, management expects operating income in the range... More
American Eagle Outfitters (AEO) Announces Three-Year Strategy to Power Profitable Growth
March 7, 2024 8:05 AM ESTBuilding upon momentum and strong results achieved in 2023, American Eagle Outfitters, Inc. (NYSE: AEO) today unveiled its new Powering Profitable Growth plan, structured to deliver mid-to-high teens annual operating income expansion on 3-5% annual revenue growth over the next three years, and an approximate 10% operating margin.
Fueled by a shift in strategy, culture and focus to generate stronger profitability on continued growth, the multi-year plan is centered around three key pillars:
Amplify our brands: Grow American Eagle, powering market leadership in denim and expansion into right-to-win adjacencies; Fuel Aeries... More