American Eagle Outfitters Reports Strong Q2 Gains
Revenue and net income rise as strategic roadmap drives growth across brands and channels.
- Net income increased to $77.3 million, up from $48.57 million year-over-year.
- Revenue rose 8% to $1.3 billion, surpassing expectations.
- Operating income surged 55%, driven by a retail calendar shift.
- Aerie and American Eagle brands showed significant growth in stores and online.
- The company slightly adjusted its revenue and operating income outlook for 2024.