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American Eagle Outfitters raises annual revenue forecast on steady demand
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(Reuters) — American Eagle Outfitters (NYSE:AEO) raised its annual revenue forecast on Wednesday, betting on steady demand for its wide-legged pants, tops and accessories despite still-high inflation.
The company now expects annual revenue to rise in low single digits, compared with its prior forecast for a flat- to low-single-digit decline. Analysts on average expect revenue to grow 0.3%, according to LSEG data.
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