Abercrombie lifts holiday-quarter forecasts; shares surge [Reuters]
American Eagle Outfitters, Inc. (AEO)
Last american eagle outfitters, inc. earnings: 3/4 04:01 pm
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Source: Reuters
Abercrombie lifts holiday-quarter forecasts; shares surge | Reuters 3 Min Read (Reuters) - Abercrombie & Fitch ( ANF.N ) raised its fourth-quarter sales forecast on Monday following a strong holiday season, driving its shares to a more than one-and-a-half-year high. Abercrombie shares rose as much as 8.8 percent to $21.68 in early trading, its highest since August 2016, after the teen apparel retailer raised its comparable-sales growth outlook for the holiday quarter to the high-single digit percentage range, from its prior outlook of low-single digits. Abercrombie is the latest in a string of brick-and-mortar retailers to report upbeat holiday sales buoyed by rising consumer confidence amid a tight labor market and strong stock market gains. Abercrombie also said Executive Chairman Arthur Martinez would step down on Feb. 3 and would be replaced by lead director Terry Burman, who will then assume the role of non-executive chairman. U.S. holiday spending across online and physical st
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AEO
Earnings
- 3/7/24 - Beat
AEO
Sec Filings
- 4/11/24 - Form 4
- 4/11/24 - Form 4
- 4/11/24 - Form 4
- AEO's page on the SEC website