A shopper walks past an American Eagle store in the mall.
Tim Boyle | Getty Images News | Getty Images
American Eagle Outfitters announced Wednesday that its business is pacing ahead of its expectations for the fiscal first quarter, as stimulus checks and pent-up demand are fueling sales of jeans, dressier tops and leggings.
Revenue is on track to top $1 billion, it said. Analysts had been calling for American Eagle to earn 23 cents a share on sales of $904.1 million, according to a poll by Refinitiv. The company didn’t provide a fresh earnings estimate.
Its shares jumped more than 8% in after-hours trading.
The tween-and-teen apparel retailer said demand for goods at both its namesake…