Why American Eagle Outfitters Stock Popped Today

Jeremy Bowman, The Motley Fool

3 June 2020 at 11:47 am·2-min read

Why American Eagle Outfitters Stock Popped Today

Shares of American Eagle Outfitters (NYSE: AEO) were moving higher today after investors overlooked an ugly first-quarter earnings report and focused instead on signs of a recovery and strong online demand. By segment, sales at American Eagle fell 45%, but declined just 2% at Aerie, its fast-growing brand of intimate apparel for women. Digital demand, which is a reflection of ordered sales, was encouraging, rising 33% in the quarter, up 75% at Aerie and 15% at American Eagle.

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