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American Eagle (AEO) up 5% as Q3 beats

By Joyanta Acharjee

15:55, 23 November 2021

American Eagle store in New Jersey
The company announced the acquisition of Quiet Logistics during the quarter – Photo: Shutterstock

American Eagle Outfitters stock rose on Tuesday as the youth-focussed clothing chain posted third-quarter earnings that beat analysts' expectations.

For the third quarter ended 30 October, net income rose to $152m (£114m) from $58m a year earlier. Net revenue rose 24% to $1.27bn from $1.03bn in the third quarter of 2020.

Adjusted earnings per share of 76 cents beat analysts' estimates of adjusted earnings of 61 cents on revenue of $1.23bn, according to figures widely available on financial news sites.

Stock up 

As of 10:25 EDT (UTC-5) the stock was up 5% at $28.76.

“The power of our brands, operations and talent are clearly evident and we are intensely focussed on ensuring these strengths continue to take AEO to new heights,” American Eagle chair and CEO Jay Schottenstein said in the earnings report. 

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0.68 Price
+0.410% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 22:00 (UTC)
Spread 0.01168


44,097.60 Price
-1.270% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 106.00

Oil - Crude

71.41 Price
+2.320% 1D Chg, %
Long position overnight fee -0.0204%
Short position overnight fee -0.0015%
Overnight fee time 22:00 (UTC)
Spread 0.030


2,004.85 Price
-1.180% 1D Chg, %
Long position overnight fee -0.0198%
Short position overnight fee 0.0116%
Overnight fee time 22:00 (UTC)
Spread 0.50

Logistics deal

During the quarter, the company announced the acquisition of Quiet Logistics to ensure “ongoing efficiencies and procure a state-of-the-art logistics platform with meaningful growth potential.”

Consolidated store revenue increased 29% and total digital revenue increased 10%. Compared to the pre-pandemic third quarter of 2019, store revenue increased 9% and digital revenue increased 42%.

American Eagle said total consolidated ending inventory increased 32% to $740m compared with a 13% decline last year. The increase was partially driven by higher air freight due to global supply chain disruptions.

Read more: Online retailer postpones IPO

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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