American Eagle Outfitters (AEO) Promotes Jennifer Foyle to Chief Creative Officer, AEO Inc.
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UPDATE: American Eagle Outfitters (AEO) Tops Q2 EPS by 14c, Revenues Beat
September 9, 2020 8:02 AM EDT(Updated - September 9, 2020 8:04 AM EDT)
American Eagle Outfitters (NYSE: AEO) reported Q2 EPS of ($0.03), $0.14 better than the analyst estimate of ($0.17). Revenue for the quarter came in at $884 million versus the consensus estimate of $828.91 million.
Aerie posted exceptional growth, with revenue up 32% and record marginsAEOs digital demand accelerated and increased 48%; Aerie grew 113% and AE rose 21%Improved demand and operating discipline drove $173 million in positive operating cash flow and a strengthened financial position, ending with $899 million in cashEnding inventory declined 21%; AEO is well positioned for the second halfSecond Quarter 2020... More
