US firm AEO’s revenue increases 8% to $1.3 bn in Q1 FY24

American Eagle Outfitters (AEO) reported Q2 FY24 net revenue of $1.3 billion, up 8 per cent.
Store revenue rose 7 per cent, digital revenue 12 per cent.
Aerie revenue grew 9 per cent, American Eagle 8 per cent.
Gross profit increased 10 per cent, operating income surged 55 per cent to $101 million.
Inventory increased 4 per cent to $664 million.