WASHINGTON (dpa-AFX) - American Eagle Outfitters, Inc. (AEO) reported that
fourth quarter-to-date revenue, through December 30, 2023, is up approximately
8%, with American Eagle
tracking up high single digits and Aerie up in the low teens. The company
increased fourth quarter outlook for revenue to be up low double digits.
Operating profit is now expected to be approximately $130 million, up from
previous guidance of $105 to $115 million. The guidance excludes potential asset
impairment and restructuring charges.

The company noted that the improved outlook is a result of record holiday sales
and strong merchandise margins.

Shares of American Eagle Outfitters are up 12% in pre-market trade on Monday.

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