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American Eagle Outfitters CEO Foresees Economic Surge Posted on 3 American Eagle Outfitters (NYSE: AEO) CEO Jay Schottenstein voiced Thursday that he expects the U.S. shopping mall business to boom post-pandemic. The company announced Wednesday that revenue is expected to exceed USD1 Billion, though it did not provide a fresh earnings estimate. “We’re very excited, you know, about the future of the mall,” he said in a conversation with Jim Cramer on “Mad Money,” “and we think that when things get better and the pandemic...

Author Bio Reuben Gregg Brewer believes dividends are a window into a company's soul. He tries to invest in good souls. What happened Shares of American Eagle Outfitters (NYSE:AEO) rose as much as 5% in the first hour of trading on Thursday. The news driving the gain was the company's after-market earnings pre-announcement on Wednesday. It was pretty good reading.   So what The big story is that American Eagle Outfitters is seeing strength in both its core brand and its Aerie division. CEO Jay Schottenstein noted that he was "amazed" by the results at Aerie, which is...

Its shares jumped more than 8% in after-hours trading. The tween-and-teen apparel retailer said demand for goods at both its namesake American Eagle business and at Aerie — which sells comfortable lingerie and loungewear for young females — has been stronger than expected. That's in part due to external factors, including economic stimulus, renewed consumer optimism and bottled-up demand from customers, it said. American Eagle's denim business has been particularly strong, and shoppers have also started buying more tops, Chief Executive Jay Schottenstein said during a phone interview with...

American Eagle forecasts sales above estimates on full-price selling Reuters 2 days ago © Reuters/Thomas White American Eagle Outfitters shop in Singapore (Reuters) - American Eagle Outfitters Inc on Wednesday forecast first-quarter revenue of more than $1 billion as strong demand helped the apparel retailer sell more products of its eponymous and Aerie labels at full price. The Pittsburgh, Pennsylvania-based company's shares rose about 5% in extended trading as its forecast came in above market estimates of $904.1 million, according to IBES data from Refinitiv. Like its rivals Levi St...

Want to live where a supermodel lives? So do many others at this hot Miami Beach condo Rebecca San Juan, The Miami Herald Mar. 8—The Ritz-Carlton Residences in Miami Beach reached $130 million in sales with 30 new buyers since January, proving the demand for high-rise living shows no signs of cooling. The buyers are from California, Connecticut, New Jersey and New York, said developer Ophir Sternberg, CEO and founder of Lionheart Capital. Most work for a private equity firm, hedge fund or bank. One exception? Model Cindy Crawford and her husband, Rande Gerber, the founder of...