Reported 2 days ago
American Eagle Outfitters saw its stock price jump over 45% following impressive second-quarter results that surpassed analysts' expectations. Despite a slight drop in revenue to $1.28 billion, the company's net income rose significantly to $77.6 million, driven by increased demand and effective marketing strategies, including campaigns featuring celebrities like Sydney Sweeney and Travis Kelce. Analysts have responded by raising their price targets for the stock, reflecting a bullish outlook.
Source: YAHOO