American Eagle Outfitters on Tuesday raised its annual income forecast, in an indication that demand for its attire and equipment remained regular forward of the essential vacation season.
The corporate now expects annual income to be up mid single digits, in contrast with its prior forecast of an increase in low single digits.
Analysts on common had anticipated income to develop 2.61 p.c, in response to LSEG knowledge.
By Juby Babu
Be taught extra:
American Eagle Sees Second-Quarter Income Above Earlier Forecast
The corporate had in Might lower its full-year income forecast as demand eased for non-essentials, together with attire, attributable to still-high inflation.
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