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American Eagle Outfitters predicts moderate revenue drops for Q1 FY25
American Eagle Outfitters is expecting a mid-single-digit revenue decline in Q1 FY25 and a low-single-digit decline for the full year, with gross margin down YoY. FY24 revenue rose 1 per cent to $5.3 billion, with a 4 per cent increase in comparable sales. Q4 FY24 saw a 3 per cent rise in comparable sales but a 4 per cent revenue decline. CEO Jay Schottenstein highlighted strategic focus amid challenges.
American Eagle Outfitters is expecting a mid-single-digit revenue decline in Q1 FY25 and a low-single-digit decline for the full year, with gross margin down YoY.
FY24 revenue rose 1 per cent to $5.3 billion, with a 4 per cent increase in comparable sales.
Q4 FY24 saw a 3 per cent rise in comparable sales but a 4 per cent revenue decline.
CEO Jay Schottenstein highlighted strategic focus amid challenges.
