AEO May 2024 19.000 put
| Previous close | 0.0100 |
| Open | 0.0100 |
| Bid | 0.0000 |
| Ask | 1.2700 |
| Strike | 19.00 |
| Expiry date | 2024-05-24 |
| Day's range | 0.0100 - 0.0100 |
| Contract range | N/A |
| Volume | |
| Open interest | 2 |
Yahoo FinanceAbercrombie & Fitch CEO on getting into the wedding business after strings of earnings beats
Abercrombie & Fitch CEO Fran Horowitz reveals the next pieces to her turnaround puzzle.
- Yahoo Finance Video
How the 'creeper effect' is impacting retailers
With consumers grappling with the burden of high prices and persistent inflation, the implications for the retail sector are becoming increasingly apparent. Barclays' Consumer Discretionary Analyst Adrienne Yih and TD Cowen Analyst Jonna Kim join Market Domination to dissect the dynamics shaping the retail sector. Yih acknowledges the "pullback" in consumer spending due to the ongoing impact of inflation, describing it as "a creeper effect" that is gradually affecting consumers across various income levels. She emphasizes that for retailers to maintain consumer loyalty and spending, they must offer "a trend or a brand that rises above." Yih identifies American Eagle (AEO), Gap (GPS), and Old Navy as companies with this momentum. Kim, on the other hand, notes that despite the pressure on consumers, "the newness is resonating well with [them]." She believes that more brands introducing new products will boost consumer sentiment within the retail sector. However, Kim notes that consumers are still prioritizing value overall. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
StockStoryAmerican Eagle (NYSE:AEO) Reports Sales Below Analyst Estimates In Q1 Earnings, Stock Drops
Young adult apparel retailer American Eagle Outfitters (NYSE:AEO) missed analysts' expectations in Q1 CY2024, with revenue up 5.8% year on year to $1.14 billion. It made a GAAP profit of $0.34 per share, improving from its profit of $0.09 per share in the same quarter last year.
