American Eagle Outfitters raised its forecast for Q4, expecting $135 million in operating profit, up from $125-$130 million, driven by a 2 per cent rise in comparable sales.
Despite strong trends across American Eagle and Aerie, total revenue is projected to decline 5 per cent due to the retail calendar.
AEO repurchased 7.5 million shares YTD, returning $231 million to shareholders.