Latest development5 months ago
American Eagle Beats Q1 Estimates as Revenue Climbs 9.7%
The retailer posted an EPS of $0.14, beating analyst estimates, driven by a robust 9.7% year-over-year revenue increase to $1.20 billion.
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American Eagle beats revenue estimates thanks to the strength of the Aerie brand, offsetting a decline in its core brand. However, American Eagle's stock plummeted 10% due to weak outlook and a slowdown in the retail sector. In Q1, American Eagle surpassed estimates as revenue climbed 9.7%.
The retailer posted an EPS of $0.14, beating analyst estimates, driven by a robust 9.7% year-over-year revenue increase to $1.20 billion.
Read the full storyAmerican Eagle shares tumbled in premarket trading following disappointing Q1 results and a lowered annual forecast, signaling broader pressure on discretionary consumer spending.
First-quarter revenue rose 10% to $1.20 billion, as strong demand for the Aerie lingerie line successfully offset a decline in the company's namesake brand.