American Eagle ($AEO) Beats Q4 Expectations, Stock Up 11.7%

American Eagle Outfitters surpassed Wall Street's fourth-quarter revenue expectations, as reported on Thursday. The apparel retailer's success was attributed to consumers purchasing its full-price items during the crucial holiday season. In addition, American Eagle unveiled a strategy aimed at profit growth, which involves taking $94 million in impairment charges for its logistics business. This announcement led to a pre-market increase of 11.7% in American Eagle's stock ($AEO). The company's focus on growth and strategic adjustments has garnered attention, with Barron's noting the stock surge and the earnings beat alongside the new growth plan.