Sales trends were positive across brands and channels, with American Eagle comps growth in the low single digits and Aerie comps in the low twenties. The upward revision reflects solid margin performance and anticipates consolidated comparable sales growth of between 8 per cent and 9 per cent. The guidance also includes approximately $50 million of pressure from tariffs, as previously disclosed, AEO said in a press release.
“Momentum continued in the fourth quarter with record December sales fuelled by the power of our brands, with particularly strong growth at Aerie and Offline and sequential growth at American Eagle,” said Jay Schottenstein, executive chairman of the Board and CEO, AEO Inc. “Our customers embraced new product collections and responded to our latest marketing initiatives, with strength continuing in the post-holiday period. We look forward to building on this positive trajectory with new customer-inspired collections, as we remain focused on creating value for our shareholders.”
Fibre2Fashion News Desk (SG)
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