Earnings

American Eagle (AEO) earnings Q4 2023

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American Eagle on Thursday announced a new strategy to boost profitable growth over the next three years, as the retailer said it wrote off $94 million in impairment charges related to its internal logistics business Quiet Platform.

The company also reported holiday earnings that beat Wall Street’s expectations thanks to strong demand and lower markdowns and input costs. 

Shares closed 2% lower Thursday.

Here’s how American Eagle did in its fourth fiscal quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG, formerly known as Refinitiv:

  • Earnings per share: 61 cents adjusted vs. 50 cents expected
  • Revenue: $1.68 billion vs. $1.67 billion expected

The…



Source cnbc.com

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