American Eagle Stock Soars On Q3 Earnings: Why Shares Are Taking Flight

Benzinga

American Eagle beat Q3 expectations with $1.36 billion in revenue and 53 cents in adjusted EPS, driven by 11% comparable-sales growth and strong momentum at Aerie. The company lifted its Q4 outlook as Thanksgiving weekend set new records. Shares jumped more than 11% after hours.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:03American Eagle reported third quarter revenue of $1.36 billion and adjusted earnings of 53 cents

00:09per share, topping analyst estimates, according to Benzinga. Total revenue rose 6% year over year

00:16as comparable sales grew 11%, driven by strong gains at Aerie and steady growth at the American

00:21Eagle brand. Gross profit increased 5% despite a $20 million net tariff impact. Inventory rose

00:28to $891 million due to higher demand, new store openings and improved in-stocks. CEO Jay

00:35Schottenstein said momentum carried into the fourth quarter with a record Thanksgiving weekend.

00:40The company raised its fourth quarter operating income outlook to $155 million to $160 million

00:46and expects comparable sales to rise 8% to 9%. Shares rose 11.67% after hours to $23.47.

00:55For all things money, visit Benzinga.com.

Category

Transcript

Be the first to comment

Recommended