“Shares of American Eagle plummet 17% on unimpressive holiday forecast”
November 21, 2023
“…The forecast was dampened by an expected 20% uptick in selling and general administrative expenses, the company said…
- Earnings per share: 49 cents vs. 48 cents expected
- Revenue: $1.3 billion vs. $1.28 billion expected
The company’s reported net income for the three-month period that ended October 28 was $96.7 million, or 49 cents per share, compared with $81.3 million, or 42 cents per share, a year earlier.
Sales rose to $1.3 billion, up about 5% from $1.24 billion a year earlier. During the quarter, American Eagle’s gross margin came in at 41.8%, below the 42.1% that analysts had expected, according to StreetAccount…”
https://www.cnbc.com/2023/11/21/american-eagle-aeo-earnings-q3-2023.html