American Eagle Outfitters, Inc. announced earnings guidance for second quarter and full year 2022. For the quarter, management expects top-line growth to trend similarly to the first quarter.

For the full year, the company is lowering its outlook for the year. Management expects operating profit to be above $314 million achieved in Fiscal 2019, with total revenue up in the low single digits compared to Fiscal 2021. The company expects to enter the second half better aligned with demand, with a more balanced inventory position and leaner expense base, driving improved margins and profitability relative to the first half.