Why American Eagle Outfitters' Stock Is Rising Today
Shares of American Eagle Outfitters (NYSE: AEO) were moving higher on Tuesday morning after the company said that it will hit its fiscal 2023 financial targets two years ahead of schedule.
As of 10:30 a.m. ET, American Eagle's shares were up about 2.2% from Monday's closing price.
In a press release issued before the U.S. markets opened on Tuesday, American Eagle Outfitters said that after "strong holiday sales," it expects to report at least $600 million in operating income for fiscal 2021, with an operating margin of at least 10%.
Source Fool.com
