AEO241206P19500
- 0.60
- -0.23-27.71%
American Eagle Newsroom
Performance: American Eagle (AEO.US) holiday sales guidance weak.
Outfitter American Eagle (AEO.US) released weak holiday guidance on Wednesday and downgraded its full-year forecast, causing the stock price to drop 13% in after-hours trading. The company reported a net profit of $80 million for the quarter ending November 2, a year-on-year decline of 17%. Excluding one-time costs related to restructuring and impairment, the adjusted profit was 48 cents per share, higher than the market expectation of 46 cents. Sales fell by about 1% to $1.29 billion, slightly below the market expectation of $1.3 billion, marking the third consecutive quarter of failing to meet market expectations.
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American Eagle Outfitters, Inc. (AEO) Q3 2024 Earnings Call Transcript
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