From CNBC: 2024-12-04 16:14:56

American Eagle issued weak holiday guidance, cutting full-year forecast due to value-seeking consumers. Q3 earnings per share 48 cents vs. 46 cents expected, revenue $1.29 billion vs. $1.30 billion expected. Net income down to $80 million from $96.7 million. Shares dropped 13% in extended trading. CEO cites inconsistent demand between major shopping events. Comparable sales expected to be up 1% in holiday quarter. Aerie brand seeing strong demand with all-time high revenue.



Read more at CNBC: American Eagle (AEO) earnings Q3 2024