AEO news and archive

AEO awards one million dollars worth of scholarships

American Eagle Outfitters (AEO) has named 19 new recipients that will receive support under its scholarship programme for 2024, bringing its total value of scholarships awarded to over one million dollars. Now in the fourth cohort, the latest batch of scholarship students, who continued to be awarded under the AEO Steven A. Davis Scholarship for...

People

American Eagle Outfitters appoints Stephanie Pugliese as independent director

American Eagle Outfitters (AEO) has announced the appointment of Stephanie Pugliese to the company’s board of directors. Pugliese, the company said in a release, joins as an independent director, effective August 1, 2024. The addition of Pugliese increases AEO’s board to eight directors, seven of whom are independent. “Stephanie’s appointment...

Business

AEO secures ESG goals, expands on commitments

American Eagle Outfitters (AEO) has published an update on its environmental and governance performance in what is its second report on the topic, through which it is striving towards its ‘Build a Better World’ strategy. Among the achievements noted in the report, AEO said that it had reduced water usage per pair of jeans produced by 38 percent...

BusinessFeatured

American Eagle Outfitters swings to Q2 profit, ups FY guidance

American Eagle Outfitters (AEO) has raised its full-year outlook as it swung to a profit in the three months to July 29. The company made a net profit of 48.6 million dollars in the second quarter from a loss of 42.5 million dollars a year earlier, while its operating profit widened to 65.3 million dollars from 14 million dollars. For the...

Business

Analysts see 10 percent upside potential for American Eagle Outfitters shares

New York – Analysts covering American Eagle Outfitters (AEO) stock have a consensus ‘Hold’ rating over the apparel retailer’s shares. The range between the high target price and low target price is between 15 and 7 and has a mean target at 12.63 dollars. The previous closing price of 11.45 dollars this now indicates there is a potential upside...

Business|ANALISYS

Market favors American Eagle’s pledge to become carbonneutral by 2030

New York – U.S. retailer American Eagle Outfitters Inc (AEO) has unveiled its new sustainability goals which include becoming carbon neutral by 2030. The announcement has added to Wall Street’s positive outlook for the retailer’s stock. American Eagle explained in a corporate release on Monday that this pledge covers all of its owned and...