American eagle outfitters' business accelerates across american eagle and aerie brands; first quarter revenue on-track to mid-teens growth vs. pre-covid 2019

Pittsburgh--(business wire)--american eagle outfitters (nyse: aeo) today announced that business is exceeding expectations with first quarter revenue on track to over $1 billion, a mid-teens increase compared to pre-covid 2019 first quarter reported revenue. demand has accelerated across the american eagle and aerie brands, generating strong margins, higher full-priced selling and reduced promotions. for the period, management expects operating income of approximately $120 million, compared to
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