Published On: Fri, Nov 14th, 2014

American Eagle Soars on Raised Earnings Guidance

Jay Schottenstein SCREEN PRINT

 

American Eagle’s stock soared 10% when it raised earnings guidance. CEO Jay Schottenstein said profits and margins were improved because there were fewer promotions. The company will report earnings on December 4.

The teen and young adult retailer said it expects earnings would be up 16%, but also predicts same store sales will be 5% lower than they were last year. Second quarter revenue declined 2%.

 

 

 

 

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