American Eagle Outfitters, Inc. (NYSE:AEO) shares are trading higher on Thursday.
The company reported fourth-quarter adjusted earnings per share of 61 cents, beating the analyst consensus of 50 cents.
Quarterly revenues of $1.679 billion beat the street view of $1.66 billion. Sales rose 12% year over year.
Store revenue rose 10%. Total digital revenue increased 19%. American Eagle fourth quarter comp sales rose 6%, while Aerie Comp sales increased 13%.
Quarterly adjusted gross profit of $626 million increased 23%. The adjusted gross margin rate of 37.3% rose 340 basis points.
Margin expansion was driven by strong demand, lower …
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