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American Eagle Shares Jump More Than 20% After Earnings Beat Linked to Sydney Sweeney Campaign

Executives said a celebrity-led marketing reset drove massive reach with rapid sell-through.

Overview

  • The retailer topped Wall Street forecasts for the second quarter, reporting earnings of 45 cents per share on $1.28 billion in revenue.
  • Revenue slipped from $1.29 billion a year earlier, while net income ticked up to $77.6 million.
  • CEO Jay Schottenstein credited campaigns with Sydney Sweeney and Travis Kelce for roughly 40 billion impressions and a meaningful business lift.
  • American Eagle said Sweeney-branded denim sold out within a week and reported about 700,000 new customers.
  • The ads drew polarized reactions including criticism over sexualization and eugenics innuendo and public praise from President Donald Trump, as the company aims to turn buzz into repeat purchases.