American Eagle's quarterly revenue misses estimates-March 2024-www.financetom.com

American Eagle's quarterly revenue misses estimates

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American Eagle's quarterly revenue misses estimates

May 29, 2024 2:01 PM

May 29 (Reuters) - American Eagle Outfitters ( AEO ) on

Wednesday missed Wall Street estimates for quarterly revenue as

sticky inflation hurt consumer demand for its apparel and

accessories often sold at full price.

The company's net revenue for the quarter ended May 4 came

in at $1.14 billion, compared with analysts' average estimate of

a 6.4% rise to $1.15 billion, according to LSEG data.

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