"American Eagle's Profit-Boosting Strategy and Earnings Surge"

American Eagle unveils a new strategy to boost profitable growth over the next three years, reporting holiday earnings that beat expectations and taking $94 million in impairment charges related to its internal logistics business Quiet Platform. The retailer's reported net income for the fourth fiscal quarter was $6.32 million, with sales rising to $1.68 billion. American Eagle plans to focus on financial discipline and optimizing operations to fuel growth and long-term profit, aiming for mid-to-high teens annual operating income expansion and 3% to 5% annual revenue growth over the next three years. The company also seeks to increase profits by amplifying its brands, boosting Aerie's expansion, and developing the activewear assortment at its Offline banner.
- American Eagle unveils strategy to grow profits, takes $94 million in impairment charges for logistics business CNBC
- American Eagle tops estimates on robust apparel demand, fewer discounts Yahoo Finance
- American Eagle Stock Is Surging. Earnings Beat and There’s a Growth Plan. Barron's
- American Eagle: Fiscal Q4 Earnings Snapshot Quartz
- American Eagle Tops 25-Month High On Earnings Blowout Investor's Business Daily
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