Excluding one-time items, American Eagle posted adjusted earnings of 61 cents per share. In the current quarter, American Eagle expects sales to be up by a mid-single digit percentage, which is in line with estimates of up 5%, according to LSEG. During the Covid pandemic, American Eagle spent hundreds of millions of dollars acquiring a number of shipping and distribution companies that eventually became Quiet Platforms, the retailer's internal logistics branch. Last spring, American Eagle acknowledged that Quiet Platforms wasn't performing as it had expected. To increase profits, American Eagle plans to amplify its brands by growing its namesake banner, boost Aerie's expansion and develop the activewear assortment at its Offline banner.

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Persons: RetailDive, Mike Mathias, Mathias, AEO, StreetAccount, we've, rationalizing, Jennifer Foyle, there's, It's, Foyle Organizations: LSEG, Eagle, CNBC, Abercrombie, Fitch