American Eagle Outfitters Q2 2024 Finds It More Attractively Valued, But Still Only Fair
AEOAmerican Eagle Outfitters(AEO) Seeking Alpha·2024-09-11 22:34
Morsa Images American Eagle Outfitters' (NYSE:AEO) 2Q24 results were in line with the company's guidance. Comparables grew 4%, and absolutes grew above that (thanks to an extra back-to-school week). Lower markdowns and higher AURs have been expanding the company's margins. My thesis about AEO has not changed much since my last article in May. AEO is a leading fast-fashion retailer with no financial leverage and an effective assortment strategy that is providing growth in this challenging economic contex ...