American Eagle Names CEO As Earnings Skyrocket

American Eagle Sales are up and CEO is named

American Eagle Outfitters has named Jay L. Schottenstein chief executive, a post he has held on an interim basis since January 2014.

The permanent placement of Schottenstein comes at a time when the company has made a “swift recovery.”

Revenue at the retailer rose by 8% to $919 million for the quarter ended October 31.

American Eagle said the “holiday season is off to a solid start,” and issued fourth-quarter earnings guidance in line with analysts’ estimates.

American Eagle announced on November 3 that same-store sales for the quarter rose 9% while raising its forecast for earnings excluding items to 34 cents a share.

On December 2 the company reported earnings excluding items of 35 cents a share.

Shares of American Eagle are up 13.5% over the past year and rose 2.8% to $16.25 in after-hours trading on Wednesday.

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