AEO Inc. Reports Second Quarter Revenue and Operating Profit Above Expectations; Raises Annual Outlook Reflecting Strengthened Demand and Profit Initiatives
Retrieved on:
Wednesday, September 6, 2023
Footwear, Fashion, Family, Retail, Consumer, Women, Teens, American Eagle Outfitters, Aerie, Capital expenditure, AEO, SG, Marketing, New Zealand Racing Board, American Eagle, Public expenditure, Depreciation, Capital, Webcast, Digital, EPS, Transport, Comp, NYSE, Total, Video game, Pharmaceutical industry
“I am pleased to report second quarter revenue and operating profit that exceeded our expectations.
Key Points:
- “I am pleased to report second quarter revenue and operating profit that exceeded our expectations.
- We are taking action to position the business for improved profit, with preliminary initiatives included in our increased 2023 outlook.
- This reflects better than expected business performance in the second quarter, in addition to strengthened demand and continued profit improvement in the back half of the year.
- For the third quarter, management’s outlook reflects revenue up low single digits with operating income in the range of $115 to $125 million.