American Eagle Shares Surge on Sydney Sweeney Campaign Success
American Eagle Outfitters reported a slight decline in revenue for Q2 FY25 but exceeded expectations, driven by higher demand and well-managed expenses. The company's Aerie line saw a 3% increase in comparable sales, while overall gross margin improved slightly. Tariff impacts increased inventory costs, and the company anticipates continued challenges from tariffs in upcoming quarters. Despite this, the company remains optimistic about its fall season and long-term growth, with plans for share buybacks and stable sales projections.
