{"id":44377,"date":"2023-08-04T06:58:19","date_gmt":"2023-08-04T10:58:19","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/american-eagle-sees-second-quarter-revenue-above-previous-forecast\/"},"modified":"2023-08-04T06:58:21","modified_gmt":"2023-08-04T10:58:21","slug":"american-eagle-sees-second-quarter-revenue-above-previous-forecast","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=44377","title":{"rendered":"American Eagle sees second-quarter revenue above previous forecast"},"content":{"rendered":"
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\u00a9 Reuters. FILE PHOTO: An American Eagle Outfitters employee waits for customers at a cleaning station outside a store in Arlington, Virginia, U.S., June 1, 2021. REUTERS\/Erin Scott\/File Photo<\/span>
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(Reuters) -American Eagle Outfitters said on Thursday it expects revenue and operating income for the second quarter to be above prior forecast, sending its shares up 6% in premarket trade.<\/p>\n

The teen apparel maker now expects revenue for the quarter to be flat to a year earlier, compared with its prior forecast of down low-single digits. It sees operating income exceeding previous guidance of $25 million to $35 million.<\/p>\n

“Demand picked up in late June, with strength continuing as we introduced our initial Fall collections in July,” CEO Jay Schottenstein said.<\/p>\n

The company had in May cut its full-year revenue forecast as demand eased for non-essentials, including apparel, due to still-high inflation.<\/p>\n

Separately, American Eagle (NYSE:) said Chief Operating Officer, Michael Rempell would be leaving in early fiscal 2024.<\/p>\n

The company is scheduled to report second-quarter results on Sept. 6.<\/p>\n

\u00a0<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. FILE PHOTO: An American Eagle Outfitters employee waits for customers at a cleaning station outside a store in Arlington, Virginia, U.S., June 1, 2021. REUTERS\/Erin Scott\/File Photo (Reuters) -American Eagle Outfitters said on Thursday it expects revenue and operating income for the second quarter to be above prior forecast, sending its shares up […]<\/p>\n","protected":false},"author":1,"featured_media":44378,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-44377","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nAmerican Eagle sees second-quarter revenue above previous forecast | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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