AEO - AEO raises Q2 guidance on robust demand

2023-08-03 13:37:59 ET

• American Eagle Outfitters ( NYSE: AEO ) raises Q2 revenue guidance to be approximately flat to last year from prior guidance of to be down low-single digits .
• The company also expects operating income to exceed previous guidance of $25 to $35 million.
• Management said that demand picked up in late June, with strength continuing due to initial Fall collections in July, reflecting newness centered on emerging trends across our brands.
• In a separate event , the company Chief Operations Officer, Michael Rempell has resigned effective early 2024 to pursue personal interests.
• The company will report its final second quarter 2023 results by press release on Wednesday, September 6, 2023.
• AEO is +4.5% to $15.085
• Source: Press Release

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