American Eagle Outfitters reported a strong holiday season, prompting the apparel retailer to increase its fourth-quarter guidance.
The company said total net revenue rose 2% to $1.08 billion, while comparable sales for the fourth quarter to date, through Jan. 3, increased in the high single digits.
Performance was positive across both brands and sales channels. Comparable sales at the American Eagle brand grew in the low single digits, while Aerie delivered gains in the low 20% range.
Related Story
“Momentum continued in the fourth quarter with record December sales fueled by the power of our brands, with particularly strong growth at Aerie and offline and sequential growth at American Eagle,” said Jay Schottenstein, executive chairman and CEO.
“Our customers embraced new product collections and responded to our latest marketing initiatives, with strength continuing in the post-holiday period.”
On the back of the strong holiday performance, American Eagle Outfitters raised its fourth-quarter operating income forecast to between $167 million and $170 million, up from its prior guidance of $155 million to $160 million.
The updated outlook assumes consolidated comparable sales growth of approximately 8% to 9%.
The company noted that the fourth-quarter guidance also reflects roughly $50 million in tariff-related headwinds, consistent with earlier disclosures.
Click here to sign up to Retail Gazette‘s free daily email newsletter
