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American Eagle Raises Annual Revenue Forecast on Strong Holiday-Season Demand

Gap and American Eagle Outfitters dropped 15% and 10%. — The company now expects annual revenue to be up mid single digits. (Shutterstock)

Reuters

21 November 2023

American Eagle Outfitters on Tuesday raised its annual revenue forecast, in a sign that demand for its apparel and accessories remained steady ahead of the crucial holiday season.

The company now expects annual revenue to be up mid single digits, compared with its prior forecast of a rise in low single digits.

Analysts on average had expected revenue to grow 2.61 percent, according to LSEG data.

By Juby Babu

Learn more:

American Eagle Sees Second-Quarter Revenue Above Previous Forecast

The company had in May cut its full-year revenue forecast as demand eased for non-essentials, including apparel, due to still-high inflation.

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American Eagle Outfitters

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