The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
PITTSBURGH, PA, United States — American Eagle Outfitters Inc. on Wednesday reported fiscal third-quarter profit of $75.8 million.
On a per-share basis, the Pittsburgh-based company said it had profit of 41 cents.
The results met Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was also for earnings of 41 cents per share.
The teen clothing retailer posted revenue of $940.6 million in the period, falling short of Street forecasts. Nine analysts surveyed by Zacks expected $940.7 million.
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For the current quarter ending in January, American Eagle expects its per-share earnings to range from 37 cents to 39 cents.
American Eagle shares have increased 22 percent since the beginning of the year. The stock has risen 21 percent in the last 12 months.
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From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
The State of Fashion 2024 breaks down the 10 themes that will define the industry in the year ahead.
Imran Amed reviews the most important fashion stories of the year and shares his predictions on what this means for the industry in 2024.
After three days of inspiring talks, guests closed out BoF’s gathering for big thinkers with a black tie gala followed by an intimate performance from Rita Ora — guest starring Billy Porter.