Apparel retailer American Eagle Outfitters (NYSE: AEO) has announced financial results for the third quarter of 2023, reporting an increase in net sales.
- Third-quarter revenue rose 5% year-over-year to a record high of $1.3 billion, with growth across brands and channels
- Store revenue and digital revenue increased by 3% and 10% respectively in the October quarter
- Operating profit came in at $125 million during the three-month period
- The Aerie brand posted all-time high Q3 revenue and operating margin; Comparable sales were up 12% to last year
- Earnings per share was $0.49 in Q3, up 17% year-over-year
- For fiscal 2023, the management now expects revenue to be up mid-single digits year-over-year
- Operating income is expected to be in the range of $340 to $350 million, which is at the high end of the prior guidance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Key metrics from Shopify’s (SHOP) Q1 2024 earnings results
Shopify Inc. (NYSE: SHOP) reported first quarter 2024 earnings results today. Revenue increased 23% to $1.9 billion compared to the prior-year period. Gross Merchandise Volume (GMV) increased 23% year-over-year to
EA Earnings: Electronic Arts reports lower revenues for Q4 2024
Video game publisher Electronic Arts (NASDAQ: EA) Tuesday reported a decline in revenues for the fourth quarter of 2024. Meanwhile, the top line came in slightly above analysts' estimates. Fourth-quarter
What to look for when Home Depot (HD) reports Q1 2024 earnings
Shares of The Home Depot (NYSE: HD) stayed red on Tuesday. The stock has gained 17% over the past 12 months. The home improvement retailer is scheduled to report its