American Eagle profit soars, but sales grow slower than expected
Publishing timestamp: 2024-05-30 06:38:53
Summary
American Eagle reported nearly quadrupled net income in the fiscal first quarter, but has a cautious outlook for the second half of the year due to tougher comparisons and upcoming election "noise." The company is revamping its product assortment and reducing the number of items it sells to boost profitability. Shares fell about 5% in extended trading despite beating earnings expectations.
Sentiment: MIXED
Tickers: AEO,
Keywords: breaking news: earnings, earnings, retail industry, breaking news: business, business news, business, apparel retail, american eagle outfitters inc,
Source: https://www.cnbc.com/2024/05/29/american-eagle-aeo-earnings-q1-2024.html