2024-05-30 14:09:03 ET
Summary
- American Eagle Outfitters, Inc. reported Q1 2024 results with 4% top-line growth and 75% growth in adjusted operating income.
- The company's focus on women's athleisure and merchandise strategy is paying off, but the fashion retailing category is volatile.
- American Eagle Outfitters' valuation is reasonable, with a market cap of $4.6 billion and an EV/NOPAT multiple of 13x.
- However, it is not an opportunity at those prices and is, therefore, a Hold.
American Eagle Outfitters, Inc. ( AEO ) is an American fashion retailer. The company owns the namesake brand (teenager to young adult basics), along with Aerie (women's intimates) and OFFLINE (women's athleisure)....
Read the full article on Seeking Alpha
For further details see:
American Eagle Outfitters: Q1 Results Were Good And The Price Is Fair