Market Performance - Major market indexes showed positive movement, with the Dow gaining +185 points (+0.39%), S&P 500 up +16 points (+0.25%), and Nasdaq increasing by +137 points (+0.59%) [1] - Bitcoin rose nearly +6% to 91.4K, positively impacting the stock of MicroStrategy (MSTR), which gained over +5% [1] - The small-cap Russell 2000 index experienced a slight decline of -0.17% [1] Economic Data - Private-sector payrolls for November are expected from Automatic Data Processing (ADP), with a consensus estimate of around 40K new jobs, down from 42K the previous month [2] - The labor market has shown difficulties, with no back-to-back positive ADP jobs numbers since April and May of 2025 [2] - Upcoming reports on Imports, Exports, Industrial Production, and Capacity Utilization are anticipated to show slight gains from the previous month [3] Earnings Reports - CrowdStrike (CRWD) reported Q3 earnings of 96 cents per share on revenues of $1.23 billion, exceeding estimates and showing over +20% year-over-year growth [4] - American Eagle Outfitters (AEO) beat Q3 earnings expectations with 53 cents per share and record-high revenues of $1.36 billion, leading to an +11% increase in shares after market [5] - Marvell Technologies (MRVL) posted Q3 earnings of 76 cents per share on revenues of $2.08 billion, slightly above projections, but shares remained flat [6]

Market Overview - US stock futures showed a slight increase, with Dow Jones and S&P 500 futures both up approximately 0.2% [1] - Nasdaq 100 futures also rose about 0.2%, following a positive performance in major Wall Street indices [1] Cryptocurrency Insights - Bitcoin rebounded from a significant decline, reaching a two-week high above $93,000 before slightly retracing [2] - The cryptocurrency's recovery comes after it fell below $83,000 in recent weeks [2] Employment Data - The ADP report indicated a surprising decline in private-sector employment, with a loss of 32,000 jobs in November, contrary to expectations of a modest gain [3] - The decline was primarily attributed to a significant pullback from small businesses [3] Earnings Reports - Marvell Technology's stock surged over 10% in premarket trading due to a positive sales outlook and an acquisition of Celestial AI [4] - American Eagle Outfitters also saw a 10% increase in shares following a strong start to the holiday shopping season [4] - Conversely, Macy's shares fell despite reporting a surprise profit, as its sales outlook was deemed underwhelming amid ongoing restructuring efforts [4] - Salesforce is scheduled to report earnings later in the day [4]

Market Overview - US stock futures showed a modest increase, with Dow Jones Industrial Average futures up 0.2% and S&P 500 futures up 0.1% as investors await jobs data to inform interest-rate expectations ahead of the Federal Reserve policy meeting [1] - The broader market finished higher, driven by strong performances from tech companies like Nvidia, while Bitcoin rebounded after a significant drop [2] Economic Indicators - The ADP private payrolls report, due at 8:15 a.m. ET, is anticipated to provide insights into labor market trends, which could influence the Federal Reserve's upcoming decisions [2][3] - With government data delayed and no nonfarm payrolls report this week, the ADP report is one of the last major labor market indicators before the Fed's decision [3] Company Earnings - Marvell Technology shares surged approximately 10% following a stronger-than-expected quarterly report [4] - American Eagle Outfitters stock rose over 12% after reporting a record-breaking Thanksgiving weekend and raising its full-year outlook [6][7] - For the third quarter, American Eagle reported earnings per share of $0.53, exceeding estimates of $0.43, with revenue of $1.36 billion, a 6% year-over-year increase [7] - Same-store sales for American Eagle increased by 4%, with Aerie comparable sales up 11% and American Eagle comparable sales up 1% [8] - For the fourth quarter, American Eagle expects same-store sales growth of 8% to 9% year-over-year [9] Cryptocurrency Market - Bitcoin reached a two-week high, trading around $93,965 before paring gains to below $93,000, indicating a tentative recovery in the cryptocurrency market [4][5]

The Dow led diverging US stocks on Wednesday as doubts over AI demand put pressure on tech, and a surprise fall in private-sector employment revealed cracks in the job market. The Dow Jones Industrial Average (^DJI) rose 0.4% while the S&P 500 (^GSPC) added 0.1%. The tech-heavy Nasdaq Composite (^IXIC) slid 0.4%, after the major gauges finished Tuesday with gains across the board. Microsoft (MSFT) helped spur a decline in tech stocks, with its shares down over 2% after The Information reported that the ...

Market Overview - US stocks experienced a decline, particularly in the tech sector, due to concerns over AI demand and a surprising drop in private-sector employment [1][2] - The Dow Jones Industrial Average remained stable, while the S&P 500 fell by approximately 0.2% and the Nasdaq Composite decreased by 0.4% [1] Company-Specific Developments - Microsoft (MSFT) shares dropped over 2% after reports indicated the company is reducing its AI sales quotas, raising doubts about the projected demand for AI [2] - Major semiconductor companies, including Nvidia (NVDA), Broadcom (AVGO), and TSMC (TSM), saw declines of nearly 1% [2] - Marvell Technology (MRVL) stock rose by 7% following a positive sales outlook and an acquisition deal with Celestial AI [5] - American Eagle Outfitters (AEO) shares surged by 16% due to a strong start to the holiday shopping season [5] - Macy's (M) shares fell despite reporting a surprise profit, as the sales outlook was deemed disappointing amid ongoing restructuring efforts [5] Employment and Economic Indicators - The ADP report indicated that private employers lost 32,000 jobs in November, contrasting with expectations for a modest gain, primarily due to a significant pullback from small businesses [3] - This employment data may influence expectations for a rate cut from the Federal Reserve in the upcoming week [3] Cryptocurrency Market - Bitcoin showed signs of recovery, reaching a two-week high above $93,000 after a prolonged slump that saw it dip below $83,000 [4]

US stock futures turned lower on Wednesday as investors digested the monthly ADP jobs update that showed a surprise decline in private-sector employment last month. Dow Jones Industrial Average futures (YM=F) and S&P 500 futures (ES=F) both edged down roughly 0.2%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) fell around 0.5%, after the major Wall Street gauges finished Tuesday with gains across the board. Microsoft (MSFT) helped lead a tech decline, as shares fell over 2% after a report said the company ...

Financial Data and Key Metrics Changes - Total revenue increased by 6% to $1.4 billion, marking a record for the third quarter [6][18] - Operating income reached $113 million, exceeding guidance of $95-$100 million, driven by higher-than-expected demand [6][18] - Diluted EPS for the quarter was $0.53, a 10% increase compared to the adjusted EPS from the previous year [6][18] - Gross profit dollars increased by 5% to $552 million, while gross margin declined by 40 basis points to 40.5% [18][19] Business Line Data and Key Metrics Changes - Aerie's comparable sales (comps) grew by 11%, significantly outperforming American Eagle's 1% comp growth [7][18] - Aerie's performance was driven by strong demand across all categories, including intimates, apparel, and sleep [11][12] - American Eagle saw improvements in men's business, particularly in tops and jeans, contributing to the overall positive comp growth [13][14] Market Data and Key Metrics Changes - Aerie and Offline are emerging as important customer destinations, with Aerie generating nearly $2 billion in revenue and holding less than 5% market share, indicating significant growth potential [8][9] - The company reported a 4% increase in comparable sales, a notable improvement from the previous quarter's 1% decrease [7][18] Company Strategy and Development Direction - The company is focused on operational improvements and cost efficiencies to enhance profitability in a dynamic macro environment [5][6] - Incremental investments in advertising are aimed at driving stronger demand and enhancing long-term brand awareness [5][6] - The company plans to continue expanding Aerie and Offline, with 22 Aerie and 26 Offline store openings planned [20][21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term outlook, highlighting a meaningful turnaround from the first half of the year [10][17] - The fourth quarter is off to a strong start, with record performance during the Thanksgiving weekend [9][23] - The company raised its fourth quarter operating income guidance to a range of $155-$160 million, based on expected comp sales growth of 8%-9% [23][24] Other Important Information - The company is on track to close about 35 lower productivity Aerie stores while remodeling 50 Aerie stores to enhance customer experience [21][22] - The balance sheet remains strong, with cash of $113 million and total liquidity of approximately $560 million [23] Q&A Session Summary Question: Can you discuss the acceleration in the fourth quarter and the drivers behind it? - Management indicated that both brands are trending ahead of expectations, with Aerie expected to see high teens comp growth and American Eagle in the low to mid-single digits [27] Question: What are the new denim silhouettes that are performing well? - Denim has been strong, particularly in women's, with new silhouettes gaining traction and out-of-stocks being addressed [29] Question: What are the drivers of Aerie's same-store sales improvement? - Aerie's performance is attributed to strong customer acquisition, effective marketing strategies, and a focus on core competency businesses [33][34] Question: What are the expectations for markdowns in the fourth quarter? - Management expects markdowns to be similar to the third quarter, with a focus on maintaining competitive pricing while driving top-line growth [36][39] Question: Can you elaborate on customer acquisition trends? - The company has seen strong customer acquisition across both brands, with strategies in place to retain these customers [51][52] Question: What are the plans for store openings and closures? - The company plans to close about 35 lower productivity stores while opening a similar number of new Aerie and Offline stores [61][62]

American Eagle Outfitters (NYSE:AEO) Q3 2026 Earnings Call December 02, 2025 04:30 PM ET Company ParticipantsJanet Kloppenburg - PresidentJen Foyle - President and Executive Creative DirectorJay Sole - Managing DirectorMike Mathias - CFOJay Schottenstein - Executive Chairman and CEOJonna Kim - DirectorJudy Meehan - Head of Investor Relations and Corporate CommunicationsConference Call ParticipantsChris Nardone - Director and Equity Research AnalystRick Patel - Managing Director and Equity Research AnalystJa ...

Financial Data and Key Metrics Changes - Total revenue increased by 6% to $1.4 billion, marking a record for the third quarter [5][17] - Operating income reached $113 million, exceeding guidance of $95-$100 million, driven by higher-than-expected demand [5][17] - Diluted EPS for the quarter was $0.53, a 10% increase compared to the adjusted EPS from the previous year [5][17] - Gross profit dollars increased by 5% to $552 million, while gross margin declined by 40 basis points to 40.5% [17][18] Business Line Data and Key Metrics Changes - Aerie's comparable sales (comps) grew by 11%, significantly outperforming American Eagle's 1% comp growth [5][12] - Aerie achieved record revenue, with strong demand across all categories including intimates and apparel [10][11] - American Eagle's denim business showed improvement, particularly in men's clothing, contributing to the overall positive comp growth [12][13] Market Data and Key Metrics Changes - Aerie and Offline are emerging as important customer destinations, with Aerie generating nearly $2 billion in revenue and less than 5% market share, indicating significant growth potential [6][12] - The company reported a 4% increase in comparable sales, a notable improvement from the previous quarter's 1% decrease [5][17] Company Strategy and Development Direction - The company is focused on operational improvements and cost efficiencies to enhance profitability in a dynamic macro environment [5][17] - Incremental investments in advertising are aimed at driving stronger demand and enhancing long-term brand awareness [5][7] - The company plans to continue expanding Aerie and Offline, with 22 Aerie and 26 Offline stores expected to open [19][20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term outlook, citing a meaningful turnaround from the first half of the year and strong performance during the holiday season [8][9] - The fourth quarter is off to an excellent start, with broad-based strength across brands and channels, particularly in Aerie and Offline [21][22] - Management raised fourth quarter operating income guidance to a range of $155-$160 million, based on expected comp sales growth of 8%-9% [22][23] Other Important Information - The company is on track to complete approximately 50 Aerie store remodels and close about 35 lower productivity Aerie stores [20] - The balance sheet remains strong, with cash of $113 million and total liquidity of approximately $560 million [21] Q&A Session Summary Question: Can you discuss the acceleration in fourth quarter guidance and what is driving it? - Management indicated that both brands are trending ahead of expectations, with Aerie expected to see high teens comp growth and American Eagle in the low to mid-single digits [25][26] Question: What are the new denim silhouettes that are working, and how durable are those trends? - Management noted that denim has been strong, particularly in women's, with new silhouettes being tested and performing well [27] Question: What are the drivers of Aerie's same-store sales improvement? - Aerie's strong performance is attributed to core competency businesses, new categories like sleep, and effective marketing strategies [32] Question: What are the expectations for markdowns in the fourth quarter? - Management expects markdowns to be similar to the third quarter, with a focus on maintaining top-line growth despite some increases in markdowns [35] Question: Can you elaborate on customer acquisition trends and retention strategies? - Management reported strong customer acquisition across both brands, with strategies in place to retain these customers through community engagement and product focus [51][53] Question: What are the plans for store openings and closures in the upcoming year? - The company plans to close approximately 35 lower productivity stores while opening a similar number of new Aerie and Offline stores [62][63]

American Eagle raises outlook for the holiday quarter and the year on 'strong momentum' for sales. ...