American Eagle Outfitters raises its annual revenue forecast, indicating steady demand for its products ahead of the holiday season.
American Eagle Outfitters Raises Annual Revenue Forecast
American Eagle Outfitters (AEO.N) announced on Tuesday that it has increased its annual revenue forecast, signaling sustained demand for its clothing and accessories leading up to the important holiday period.
Strong Holiday-Season Demand
The company now anticipates that annual revenue will see a mid single-digit increase, surpassing its previous projection of a rise in low single digits. This adjustment reflects the strong demand for American Eagle’s products as the holiday season approaches.
Analysts had predicted an average revenue growth of 2.61%, according to LSEG data. American Eagle’s upward revision of its forecast indicates a more positive outlook compared to the market’s previous expectations.
Reporter and Editing
The news was reported by Juby Babu in Bengaluru and edited by Shweta Agarwal.