American Eagle Outfitters Lifts Revenue Forecast on Steady Demand
September 7, 2023
American Eagle Outfitters has raised its annual revenue forecast, mirroring Abercrombie & Fitch, as it anticipates steady demand for its products despite ongoing high inflation. Despite reporting second-quarter revenue in line with expectations, the company’s shares fell around 3% in extended trading, though they have gained over 45% in the quarter. American Eagle’s strategy of maintaining low inventory levels to respond to emerging trends has been successful, and it plans to continue stocking its shelves with newer styles to attract more customers.
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