American Eagle profit soars, but sales grow slower than expected

American Eagle Outfitters Inc. reported better-than-expected profit growth for the most recent quarter, fueled by strong demand for its products across all brands. The company’s profit increased significantly as compared to the same period last year, surpassing current Wall Street estimates.

However, the company’s sales grew at a slower pace than analysts had predicted, partially due to supply chain issues and a global slowdown in consumer spending. Despite the lower-than-expected sales growth, the company’s strong profit performance indicates its