American Eagle Stock Rises on Record Revenue, New Plan To Increase Profitability

Key TakeawaysAmerican Eagle Outfitters Inc. stock rose Thursday after it reported record-high fourth-quarter sales and adjusted earnings per share that beat estimates.The company's bottom line was hurt by about $120 million in impairment and restructuring charges, largely related to its internal logistics business Quiet Platforms.American Eagle also released a plan that it projects can add 3% to 5% annual revenue growth by 2027. American Eagle Outfitters Inc. (AEO) shares rose Thursday after it reported a r ...