American Eagle Outfitters rises on share repurchase plan
ReutersMar 17, 2025 1:06 PM
Apparel company American Eagle Outfitters' AEO.N shares up 6.7% at $11.76 premarket
Co announces $200 million accelerated share repurchase program
Says this equates to about 19.1 million shares, representing about 9.5% of the co's fully diluted outstanding stock, at the closing price on March 14
Adds that it intends to complete the repurchase program in connection with the existing repurchase authorization of 68.5 million shares
AEO stock had fallen 33.65% YTD as of last close
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