Gap shares surge as upbeat sales expectations signal promising start to holiday season [Yahoo! Finance]
American Eagle Outfitters, Inc. (AEO)
Last american eagle outfitters, inc. earnings: 3/4 04:01 pm
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Source: Yahoo! Finance
retailer to lift its annual sales forecast in a robust start to the holiday shopping season. The Banana Republic parent's expectations of strong tidings during the holiday period come close on the heels of Walmart's forecast of a resilient consumer but contrast with muted sales by Target, amplifying prospects of a mixed shopping period. 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 stron
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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