American Eagle Outfitters Beats Q4 Expectations, Unveils Growth Strategy

The retailer's new plan aims for significant profit growth, following strong Q4 results and a restructuring of its logistics business.

American Eagle Outfitters announces a new strategy to grow profits over the next three years, aiming for mid-to-high teens annual operating income expansion.
The company reports Q4 earnings that beat Wall Street's expectations, with a 12% increase in revenue and adjusted earnings per share of 61 cents.
American Eagle took $94 million in impairment charges for its logistics business, Quiet Platform, as part of a restructuring effort.
The retailer plans to amplify its brands, focusing on its namesake banner, Aerie's expansion, and the development of the activewear assortment at its Offline banner.
Shares of American Eagle jumped more than 10% in premarket trading following the earnings announcement.