Gap shares surge as upbeat sales expectations signal promising start to holiday season [Yahoo! Finance Canada]
American Eagle Outfitters, Inc. (AEO)
Last american eagle outfitters, inc. earnings: 3/4 04:01 pm
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Source: Yahoo! Finance Canada
CEO Richard Dickson, who took the helm in August 2023, has pushed to revamp the in-store experience and sell at full prices, tapping into the trend of customers ready to pay more for trendy and fresh styles. "Efforts to rebuild the customer base and roll out new marketing strategies are attracting new, higher-value shoppers," Dana Telsey of Telsey Advisory Group said. Gap expects annual net sales to rise between 1.5% and 2%, compared with its earlier target of slightly up. Its two struggling brands posted growth in third-quarter sales. Athleisure unit Athleta's sales rose 4% while Banana Republic posted a 2% jump. "Holiday is off to a strong start," Dickson said. "We gained market share across all brands. That's actually the seventh consecutive quarter that we're posting market share gains for the company and against the backdrop of a challenged industry." The company is also addressing a shorter shopping season this year with only 26 days between Thanksgiving and Christmas
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AEO
Earnings
- 8/29/24 - Beat
AEO
Sec Filings
- 11/12/24 - Form SC
- 11/8/24 - Form SC
- 11/1/24 - Form 4
- AEO's page on the SEC website