American Eagle Anticipates Lower than Expected Holiday-Quarter Revenue
American Eagle Anticipates Lower than Expected Holiday-Quarter Revenue Posted on On Thursday, American Eagle Inc. (NYSE: AEO), revealed it expects fourth-quarter revenue to fall to low-single digits. Amid the lack of traffic within brick-and-mortar locations, sales have suffered throughout the ongoing Covid pandemic. The company’s shares plummeted 2.5% in premarket trading. The forecast is below analysts’ estimated 0.14% loss, according to Refinitiv. Nevertheless, the retailer believes online sales momentum will continue, as sales within both of its b...
Source: financialbuzz.com