American eagle outfitters announces fourth quarter revenue and profit tracking at the high end of guidance

Pittsburgh--( business wire )--american eagle outfitters, inc. (nyse:aeo) today announced that fourth quarter-to-date brand revenue, through saturday, january 7, 2023, is down approximately 3%, on the higher end of our expectations, with american eagle tracking slightly ahead and aerie in line with expectations. quiet logistics is expected to add 2 percentage points to fourth quarter brand revenue. gross margins are now expected to be on the high end of the company's guidance of 32-33%, reflecting controlled promotions fueled by strong inventory management. current inventory is well-positioned with quarter-end inventories expected to be down compared to last year, in-line with prior guidance.
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