Can American Eagle keep flying higher?
Pananalapi Can American Eagle keep flying higher? Tindera sa damit Amerikanong Eagle Outfitters (NYSE: AEO) has had a pretty good story to tell over the past couple of years. Heading into its fourth-quarter earnings release on Thursday, the retailer‘s stock price was up 11% year to date (YTD) at $23.45 per share, and that is coming off a 55% return in 2023. In fact, American Eagle’s stock has bounced back after a devastating 43% drop in 2022 that saw its share price sink below $10 per share. On Thursday morning, American Eagle flew even higher, rising about 13% in early trading to over $26 per share after it posted strong fiscal fourth-quarter earnings and shared a three-year plan to boost profits. Record fourth-quarter revenue The numbers were pretty impressive for American Eagle in its fiscal fourth quarter , which ended Feb. 3. The retailer posted record revenue of $1.7 billion. This is a 12% year-over-year increase with store revenue jumping 10% and online revenue climbing 19%. The American Eagle brand did $1.1 billion in sales, up 11% overall with comparable or same-store sales rising 6% from the same quarter a year ago. The Aerie women‘s brand did $538 million in revenue, up 16% overall with comparable