American Eagle profit soars, but stock sinks as sales grow slower than expected
AEOAmerican Eagle Outfitters(AEO) cnbc.com·2024-05-30 04:17

An American Eagle Outfitters store in New York, US, on Monday, May 27, 2024. American Eagle Outfitters Inc. is scheduled to release earnings figures on May 29.American Eagle on Wednesday said it's making gains in boosting profitability as it works to improve its product assortment and tweak operations. Still, its fiscal first-quarter sales came in weaker than Wall Street expected. While revenue came in slightly below estimates, it was 6% higher than the year ago period and marked a new record for the compan ...