BUZZ-American Eagle Outfitters up after raising Q4 operating profit outlook

Reuters

01-13

BUZZ-American Eagle Outfitters up after raising Q4 operating profit outlook

** Shares of apparel maker American Eagle Outfitters AEO.N up ~4% at $16.81 premarket

** Co expects Q4 operating profit to be about $135 mln, up from prior forecast range of $125 mln to $130 mln

** AEO says fourth quarter-to-date comparable sales through Jan. 4 are up in low single digits, tracking ahead of recent forecast of 1% rise, owing to positive trends across American Eagle and Aerie brands

** AEO fell about 21% in 2024

(Reporting by Anuja Bharat Mistry in Bengaluru)

((AnujaBharat.Mistry@thomsonreuters.com))

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