American Eagle Gains on Brand Strength & Growth Plans: Apt to Hold?

American Eagle Outfitters, Inc. (AEO) is in good shape, thanks to its robust strategies including the Powering Profitable Growth plan. Immense strength in brands and sturdy demand for its products that resonate well with the customers have been yielding results. AEO’s second-quarter fiscal 2024 results highlighted its sixth straight quarter of record revenues. American Eagle’s earnings beat the Zacks Consensus Estimate for the fifth consecutive time in the reported quarter. The bottom and top lines also inc ...