• 7 months ago
American Eagle reported fiscal first-quarter net income that quadrupled from the year-ago period. While profit increased significantly, revenue growth of 6% was slower than analysts' expectations of more than 7% growth. For the full fiscal year, AEO expects revenue growth of 2 to 4%, slightly below analysts' estimates. AEO is focusing on revamping its product assortment by removing underperforming items and focusing on top categories. The company recently remodeled some American Eagle stores with a new design that is driving better results.
Transcript
00:00 It's Benzinga and here's what's on the block.
00:02 American Eagle reported fiscal first quarter net income that quadrupled from the year ago, period.
00:07 While profit increased significantly, revenue growth of 6% was slower than
00:11 analysts' expectations of more than 7% growth. For the full fiscal year,
00:15 American Eagle expects revenue growth of 2-4%, slightly below analysts' estimates.
00:21 American Eagle is focusing on revamping its product assortment by removing underperforming
00:25 items and focusing on top categories. The company recently remodeled some American Eagle
00:30 stores with a new design that is driving better results. For all things money, visit Benzinga.com.

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