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American Eagle expects best first-quarter sales in three years on Aerie strength 03/03/2021 23:19 (Reuters) - American Eagle Outfitters Inc said on Wednesday it expects current-quarter revenue and operating income to surpass last two years' numbers, betting on high-growth brand Aerie that sells work-from-home favorites lingerie and loungewear. Shares of the Pittsburgh-based apparel retailer rose more than 5% in after market trade, as the company also beat Wall Street expectations for fourth-quarter revenue and profit. "We're seeing really good signs in terms of where we're headed f...

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...