American Eagle Shares Fall As Q1 Sales Miss Expectations Aeo

American Eagle Shares Fall As Q1 Sales Miss Expectations Aeo Young adult apparel retailer american eagle outfitters (nyse:aeo) missed analysts' expectations in q1 cy2024, with revenue up 5.8% year on year to $1.14 billion. it made a gaap profit of $0.34 per. Looking ahead, american eagle (aeo) expects fy24 revenue to increase by 2% to 4% and for q2 revenue to be up high single digits. this translates into a fy24 sales range of $5.44b to $5.54b, above.

American Eagle Aeo Stock Down On Dismal Q1 Earnings View Comps for the american eagle brand rose 7%. american eagle brand sales benefited from improvements in its assortments. our model had estimated year over year sales growth of 8.5% for the american. American eagle (nyse:aeo) shares are lower in wednesday’s after hours as the company reported a miss on q1 sales despite solid comparable store sales and gains in the company’s aerie and. American eagle (aeo) q1 cy2024 highlights: revenue: $1.14 billion vs analyst estimates of $1.15 billion (small miss) gross margin (gaap): 40.6%, up from 38.2% in the same quarter last year. Shifting macro combined with difficult compares proved challenging sales miss resulted in operating profit and margin below expectations taking swift measures to reset inventory and expense plans for second half to better align with consumer demand brands remain strong with performance continuing to reflect structural improvements compared to pre pandemic 2019 american eagle outfitters, inc.

American Eagle Outfitters A Decent Q1 But Still More Than Priced In American eagle (aeo) q1 cy2024 highlights: revenue: $1.14 billion vs analyst estimates of $1.15 billion (small miss) gross margin (gaap): 40.6%, up from 38.2% in the same quarter last year. Shifting macro combined with difficult compares proved challenging sales miss resulted in operating profit and margin below expectations taking swift measures to reset inventory and expense plans for second half to better align with consumer demand brands remain strong with performance continuing to reflect structural improvements compared to pre pandemic 2019 american eagle outfitters, inc. American eagle’s revenue rose 8 percent to $725 million, with comp sales growing 7 percent. aeo also operates the todd snyder brand, the results of which are included in the ae brand. American eagle is down 6.4% during the same time and is heading into earnings with an average analyst price target of $26.1 (compared to the current share price of $23.25).