From RTTNews:

American Eagle Outfitters, Inc. (AEO) reported a fourth quarter-to-date revenue increase of approximately 8%, with American Eagle tracking up high single digits and Aerie up in the low teens. The company has increased its fourth quarter revenue outlook to be up low double digits with an expected operating profit of approximately $130 million, up from the previous guidance. The improved outlook is due to record holiday sales and strong merchandise margins. As a result, shares of American Eagle Outfitters are up 12% in pre-market trade on Monday.

The company’s improved outlook is attributed to record holiday sales and strong merchandise margins.

The shares of American Eagle Outfitters are up 12% in pre-market trade on Monday.



Read more: American Eagle Outfitters Shares Surge On Upgraded Q4 Guidance