American Eagle gains on raising annual sales forecast

American Eagle Outfitters

02/12/2025 21:25

** Shares of American Eagle up 15% at $23.58 after the bell

** Co raises annual comparable sales forecast betting on marketing-driven demand for its apparel and accessories during the holiday season

** Co sees annual comparable sales rising in the low single digits, compared to its previous expectations of about flat growth

** Posts Q3 net revenue of $1.36 billion, compared with analysts' estimates of $1.32 billion, according to data compiled by LSEG

** Comparable sales for the reported quarter rise 4%, compared with analysts' estimates of a 2.4% rise

**  Sees current-quarter comparable sales rising between 8% and 9%, compared with analysts' estimates of a 2.2% rise

** Stock up 25.1% YTD

 (Reporting by Pranav Mathur in Bengaluru)

 ((Pranav.Mathur@thomsonreuters.com;))