Against the backdrop of inflation and high-interest rate concerns, U.S. consumers showcased remarkable resilience during the 2023 holiday season. Data released by the National Retail Federation (“NRF”) reveals a noteworthy 3.8% surge in sales, reaching a record-breaking $964.4 billion. This impressive performance aligns seamlessly with the NRF’s forecast, indicating a rise between 3% and 4%.Despite tighter budgets, Americans embraced the festive season, capitalizing on substantial discounts available across ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the ...

American Eagle Outfitters, Inc. (AEO) appears a promising pick now, thanks to its digital endeavors and other robust strategies including the Real Power Real Growth Plan. The company is gaining from brand strength and solid demand for its products that resonate well with customers. Undoubtedly, management is focused on creating a trend-right merchandise assortment, deepening relations with customers via marketing, enhancing the digital commerce agenda and efficiently controlling expenses.Recently, the compa ...

American Eagle Outfitters, Inc. (AEO) is doing well on the bourses, thanks to its digital endeavors and other robust strategies including the Real Power Real Growth Plan. The company is gaining from brand strength and solid demand for its products that resonate well with customers. Buoyed by such tailwinds, management has announced sturdy holiday results. It raised the view for the fourth quarter of fiscal 2023 on record holiday sales and robust merchandise margins.The company said that fourth quarter-to-da ...

Retail sales picked up to close out 2023 on a Fed outlook that projected at least three interest rate cuts in 2024 and the holiday spirit, which ensured that consumers spent on staples and discretionaries.The retail sales numbers for November released in December painted a rosy picture. Per the Commerce Department, retail sales rose 0.3% from October to $705.7 billion, widely surpassing the consensus estimate of 0.1%. The October number was revised up to a 0.2% loss from the previously reported 0.1% loss.In ...

About this content About Stephen Gunnion Stephen Gunnion is a senior financial journalist and broadcaster at Proactive Investors. He has more than 25 years of experience in television, radio and print media, anchoring on a number of television channels including South Africa's Business Day TV, CNBC Africa and the South African Broadcasting Corporation, where he was the economics editor. He has also worked for Daily Maverick, Bloomberg, the Business Day newspaper and Investors' Chronicle. Read more About ...

American Eagle Outfitters Inc.’s stock AEO, -2.89% rose 4.1% in premarket trading on Monday after the clothing retailer said it’s raising its fourth-quarter outlook to a gain of low double digits, following a successful holiday season. The company now expects operating profit of about $130 million, up from previous guidance of $105 to $115 million. Analysts were expecting operating income of $113 million, according to FactSet consensus estimates. “The improved outlook is a result of record holiday sales an ...

American Eagle Outfitters, Inc. (NYSE:AEO) Q3 2023 Earnings Conference Call November 21, 2023 11:00 AM ET Company Participants Judy Meehan - SVP of Corporate Communications and IR Jay Schottenstein - Executive Chairman and CEO Jen Foyle - President and Executive Creative Director, AE & Aerie Mike Mathias - CFO Conference Call Participants Matthew Boss - JPMorgan Kelly Crago - Citigroup Inc. Dana Telsey - Telsey Advisory Group Jay Sole - UBS Simeon Siegel - BMO Capital Markets Chris Nardone - BofA Securiti ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 28, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 1-33338 American Eagle Outfitters, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 77 Hot Metal Str ...

American Eagle Outfitters, Inc. (NYSE:AEO) Q2 2023 Earnings Conference Call September 6, 2023 4:30 PM ET Company Participants Judy Meehan - SVP of Corporate Communications and IR Jay Schottenstein - Executive Chairman and CEO Jen Foyle - President and Executive Creative Director, AE & Aerie Michael Rempell - COO Mike Mathias - CFO Conference Call Participants Jay Sole - UBS Adrienne Yih - Barclays Matthew Boss - JPMorgan Paul Lejuez - Citi Jonna Kim - TD Cowen Corey Tarlowe - Jefferies Janet Joseph Kloppenb ...