American Eagle Outfitters Inc. is coming out of the holiday season with revenues and profits on track to hit the high end of its projections.
and chief executive officer, said: “Following record performance last year, we achieved our second highest holiday sales period in company history. I am pleased with results across our brands, and to see profit margins tracking at the high end of our expectations, powered by excellent inventory management and promotional discipline.
“Looking ahead, we are focused on delivering a leading customer experience across brands, while prioritizing free cash flow and shareholder returns,” Schottenstein said. That reflects the much more cautious stance the industry is taking heading into 2023. system — and that will become clearer as more retailers weigh in with holiday results.
In holiday 2021, COVID-19 supply chain backups caused out-of-stocks that helped spur shoppers to buy at full price. Last year, merchants stocked up only to find the consumer had cooled.
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