American Eagle Outfitters (AEO) in Pivotal Point Check: $1.36 Billion Record Revenue in Q3 and Raised Forecast Pushes Fashion Retailer’s Stock Up Double Digits!
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Revenue and profit figures significantly exceed analysts' expectations in the third quarter. Strong performance of the Aerie brand with double-digit comparable sales growth drives overall development. Management raises the guidance for operating profit in the fourth quarter as well as for the entire fiscal year. American Eagle Outfitters is a global specialty retailer of clothing, accessories, and personal care products. The core business targets a young audience, typically aged 15 to 25. The portfolio includes well-known brands, with American...
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