Stock Track | American Eagle Outfitters Soars 16.21% on Strong Q3 Earnings, Raised Guidance, and Celebrity Campaigns

Stock Track12-03

American Eagle Outfitters (AEO) surged 16.21% intraday on Wednesday, driven by better-than-expected fiscal third-quarter results and a bullish outlook for the holiday season.

The apparel retailer reported record revenue of $1.36 billion, up 6% year-over-year, surpassing analyst estimates. Earnings per share of $0.53 also topped expectations. Comparable sales rose 4%, with the Aerie brand jumping 11%.

CEO Jay Schottenstein credited strategic marketing campaigns featuring actress Sydney Sweeney and NFL star Travis Kelce for driving customer engagement and attracting new shoppers. The company raised its Q4 operating income guidance to $155-$160 million and upgraded its annual comparable sales forecast to low single-digit growth.

Analysts responded positively, with JP Morgan upgrading the stock to Neutral and raising its price target to $20, citing "strong momentum" in the Aerie brand.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment