American Eagle Outfitters (AEO) said Tuesday that comparable sales rose in the low single digits in the fourth quarter ended Jan. 4, 2025, beating its latest forecast of a one percent gain. The trend for the American Eagle and Aerie brands continues to develop positively.
As a result of these results, AEO has raised its fourth quarter outlook. Operating income is now expected to be approximately $135 million (€131.56 million), compared to the previously forecast range of $125 million to $130 million. The basis for this adjustment is an increase in comparable sales of around two percent, building on growth of eight percent in the previous year.
“As the preferred destination for Christmas shopping, we achieved record sales in December. We have come to market with exciting new product collections and engaging customer experiences, driving growth across all brands and channels,” said Jay Schottenstein, Executive Chairman and CEO of AEO.
However, the company expects the retail calendar to have a negative impact on overall sales. This could lead to a decline in overall sales of around five percent.
“We remain focused on increasing operational efficiency, which puts us on track to deliver high-teens operating profit growth in 2024,” Schottenstein added.
This article previously appeared on Fashionunited.uk and was created using digital tools translated.
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