American lifestyle, clothing, and accessories company American Eagle Outfitters, Inc. (AEO) released its outlook for the fourth-quarter and raised its fiscal year 2023 guidance. Shares briefly jumped as much as 4.9% on the news, and ended the day up 2.6% at $24.12 on January 11. Q4 and FY2023 Outlook AEO said it will achieve Q4 revenue growth between mid-to-high teens over the Q4FY20 base. The growth is aided by strong demand for its offerings and favorable pricing trends. Moreover, the company said it is well on track to achieve operating margins of $600 million for the full year fiscal 2021, which was its margin and income goal for FY23.
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