American Eagle expects low single digit drop in holiday sales, announces growth strategy

American Eagle Outfitters (AEO) has announced that the company expects fourth quarter adjusted operating income to exceed 95 million dollars compared to reported operating income of 0.5 million dollars and adjusted operating income of 77 million dollars last year and fourth quarter revenue is expected to decrease in the low single digits. The company separately also presented its “Real Power. Real Growth” value plan that envisages doubling Aerie to 2 billion dollars in revenue, while reigniting American Eagle for profit growth.