Why American Eagle Outfitters Is Jumping 5.5% Today
Shares of American Eagle Outfitters (NYSE: AEO) were up 5.5% in morning trading Wednesday ahead of the apparel retailer reporting first-quarter earnings after the market closes.
Many retailers are posting strong quarterly financials as they go up against comparatively weak comparable sales from the year-ago period, which was partially marred by the coronavirus pandemic outbreak. Both Abercrombie & Fitch and Urban Outfitters just handily beat estimates.
Image source: American Eagle Outfitters.
Source Fool.com
