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American Eagle Raises Annual Revenue Forecast on Strong Holiday-Season Demand

American Eagle signals weak revenue growth in holiday quarter.
The company now expects annual revenue to be up mid single digits. (Shutterstock)

American Eagle Outfitters on Tuesday raised its annual revenue forecast, in a sign that demand for its apparel and accessories remained steady ahead of the crucial holiday season.

The company now expects annual revenue to be up mid single digits, compared with its prior forecast of a rise in low single digits.

Analysts on average had expected revenue to grow 2.61 percent, according to LSEG data.

By Juby Babu

Learn more:

American Eagle Sees Second-Quarter Revenue Above Previous Forecast

The company had in May cut its full-year revenue forecast as demand eased for non-essentials, including apparel, due to still-high inflation.

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