AEO - What's Going On With American Eagle Outfitters Shares Today? | Benzinga
American Eagle Outfitters Inc (NYSE: AEO) shares are trading lower by around 15% after it reported Q3 FY23 results.
Net revenue rose 5% Y/Y to $1.30 billion, beating the consensus of $1.28 billion.
Store revenue was up 3% Y/Y, and digital revenue grew 10% Y/Y in the quarter.
Aerie segment revenue stood at $393 million, with reported and comparable sales up 12% Y/Y.
American Eagle segment revenue was up 2% Y/Y to $857 million, with comparable sales increasing 2% Y/Y in Q3.
Gross profit increased 13% Y/Y to $544 million with a gross margin expansion of 310 ...