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Sectors

Sector Update: Consumer Stocks Mixed Thursday Afternoon

Consumer stocks were mixed Thursday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 1.6% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 1.1%.In corporate news, Rivian Automotive (RIVN) raised delivery projections for this year after the EV manufacturer's Q2 numbers exceeded expectations. Ford (F) reported a 10% drop in new US vehicle sales from a year earlier. Rivian shares jumped 7.5%, while Ford fell 2.7%.Tesla (TSLA) delivered 480,126 vehicles in Q2, up 25% from a year earlier. Model 3/Y deliveries rose to 467,762 vehicles from 373,728. Tesla shares still slumped 8.1%.American Eagle Outfitters (AEO) named Papa John's International (PZZA) Chief Financial Officer Ravi Thanawala as its finance chief, succeeding Mike Mathias, who will shift to a strategic advisory role. American Eagle shares fell 5.1%, and Papa John's shed 0.8%.

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American Eagle Outfitters Names Papa John's Finance Chief as New CFO
US Markets

American Eagle Outfitters Names Papa John's Finance Chief as New CFO

American Eagle Outfitters (AEO) named Papa John's International (PZZA) Chief Financial Officer Ravi Thanawala as its finance chief, succeeding Mike Mathias, who will transition to a strategic advisory role.Thanawala will assume the role effective Aug. 3, the clothing retailer said late Wednesday. Mathias, who has served with the company for 25 years, will become a full-time non-executive strategic advisor to American Eagle Chief Executive Jay Schottenstein."We are pleased to welcome Ravi Thanawala to the executive team," Schottenstein said in a statement. "His extensive retail background, dynamic leadership style and proven track record of delivering operational excellence for consumer-facing brands will position us well for long-term success."Mathias will collaborate closely with Thanawala through the rest of American Eagle's 2026 fiscal year and continue supporting Schottenstein through July 30, 2027.Before joining Papa John's in 2023, Thanawala served as CFO of Nike (NKE) North America and previously held finance leadership positions at Converse and ANN. Thanawala also served as Papa John's interim CEO from March 2024 to August 2024.In a separate statement, Papa John's said Chris Collins, senior vice president of corporate finance, has been appointed interim chief financial officer, effective immediately.The pizza chain has begun a search for a permanent CFO, while Thanawala will remain in an advisory capacity through July 31 to support a smooth transition.Shares of Papa John's edged down 0.2% in the most recent premarket activity, while American Eagle declined 1%."Chris is a proven finance leader with deep knowledge of the company and the opportunities we are pursuing to maximize shareholder value," Papa John's CEO Todd Penegor said. "I am confident that Chris's support in this interim role along with our talented team will enable continued execution on our transformation priorities."Additionally, Marc Richard has assumed responsibility for all Papa John's North America operations, including those previously overseen by Thanawala in his role as President. Richard currently serves as senior vice president of North America operations.American Eagle also reiterated its second-quarter and full-year outlook issued in May. The guidance included mid-to-high-single-digit growth in comparable sales for the second quarter and a mid-single-digit increase for the metric in fiscal 2026."I am excited to partner with Jay and leadership to accelerate long-term strategic initiatives, maintain financial discipline and unlock new avenues for profitable growth that will help to maximize value for our shareholders," Thanawala said.

$AEO$NKE$PZZA
Softline Retailers Likely to Benefit From US Data Center Boom, UBS Says
US Markets

Softline Retailers Likely to Benefit From US Data Center Boom, UBS Says

US softline retailers are expected to take advantage of an ongoing data center construction boom, with Abercrombie & Fitch (ANF), Urban Outfitters (URBN), and Macy's (M) among those likely to see "outsized" benefits, UBS Securities said in a note e-mailed Monday.US commercial data center capacity has increased at a nearly 30% to 40% annual pace over the last two years, with installed capacity seen rising 20% to 30% annually in the near term, the brokerage said, citing industry experts.The data center construction boom is expected to lift the economy and boost the consumer spending backdrop for apparel and footwear in the concerned regions. However, the data center buildout is not expected to be distributed evenly across the country, UBS analysts Jay Sole and Mauricio Serna said in the note to clients."We believe retailers with a high percentage of stores located in areas with strong data center growth will benefit more than retailers with less exposure to these areas will," the analysts wrote.Abercrombie & Fitch, Urban Outfitters, Macy's, and Steven Madden (SHOO) are among the retailers poised to see "outsized" benefits, Sole and Serna said. On the other hand, Kohl's (KSS), Bath & Body Works (BBWI), Buckle (BKE), Boot Barn (BOOT), and American Eagle Outfitters (AEO) have "the most relevant low exposure," the duo wrote.Among off-price retailers, Ross Stores (ROST) has the "most relevant high exposure," while TJX (TJX) is on the other side of the spectrum, according to the note."While some regions have embraced data centers, other localities have not," UBS said. "Some municipalities reject data center proposals because the long-term local economic payoff is perceived as limited. They also have concerns about resource and infrastructure strain."The brokerage expects all softline stocks to benefit from their use of AI, as well as the technology's impact on the overall economy."Softline companies are taking AI very seriously and AI is likely already having a positive impact on the industry's financial performance," Sole and Serna said. "We believe the meaningful returns companies are already and will continue to achieve on their AI investments will drive upside (earnings-per-share) surprises."Price: $75.30, Change: $-1.92, Percent Change: -2.49%

$AEO$ANF$BBWI$BKE$BOOT$KSS$M$ROST$SHOO$TJX$URBN
Research

Research Alert: American Eagle Beats Estimates; Reiterates Full Year Guidance

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:AEO delivered Q1 2026 revenue of $1.195B (+9.7% Y/Y), $10M above estimates, and operating income of $28M versus an $85M loss in the prior year. Gross margin expanded 860 bps to 38.2%, primarily driven by comparison against last year's $75M inventory writedown. Aerie achieved exceptional performance with 25% comparable sales growth and surpassed $2B in trailing 12-month revenue, fueled by compelling products and successful campaigns. Management reiterated FY 2026 operating income guidance of $390-410M while expecting mid single digit comparable sales growth, with tariff assumptions of 10% for Q2 and 15% for the back half built into guidance. However, American Eagle brand faced headwinds with 2% comparable sales decline, highlighting the portfolio's reliance on Aerie's momentum. We view the 27% inventory increase concerning given only 5% unit growth, suggesting potential margin pressure from cost inflation and tariff impacts ahead.

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Wire

American Eagle Outfitters Swings to Q1 Adjusted Earnings, Revenue Rises; Shares Fall After Hours

American Eagle Outfitters (AEO) reported fiscal Q1 adjusted earnings late Thursday of $0.14 per diluted share, swinging from the loss of $0.29 a year earlier.Analysts polled by FactSet expected a $0.12 profit.Revenue in the 13 weeks ended May 3 rose to $1.2 billion from $1.09 billion a year earlier.Analysts surveyed by FactSet expected $1.18 billion.The company expects mid-to-high single-digit comparable sales growth in Q2 and mid-single-digit growth in fiscal 2026.American Eagle shares fell 11% in after-hours trading.

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American Eagle Outfitters to Top Quarterly Views, Remain Cautious Amid Uncertainty, UBS Says
US Markets

American Eagle Outfitters to Top Quarterly Views, Remain Cautious Amid Uncertainty, UBS Says

American Eagle Outfitters' (AEO) fiscal first-quarter results are expected to exceed analysts' estimates, though the clothing retailer is expected to remain cautious amid macro uncertainty, UBS Securities said in a note sent Friday.UBS is projecting quarterly earnings of $0.13 per share for the company, compared with the consensus of $0.11. The brokerage is looking at sales of $1.20 billion for the quarter, which would top Wall Street's $1.18 billion estimate.The parent of intimate apparel brand Aerie is scheduled to release its first-quarter results on May 28."We believe AEO had a decent (first quarter), driven by Aerie's strength and (the American Eagle brand's) continuing improvement," UBS analysts, including Jay Sole, wrote. "However, we think AEO will maintain a conservative stance given elevated macro uncertainty and potential (second-half) cost headwinds."The company will likely reiterate its fiscal 2026 outlook and guide second-quarter comparable sales in line with the Street's projections, Sole said. Analysts in a FactSet poll are looking for second-quarter same store sales growth of 6.6%."We believe the market has a similar view," Sole said. "Therefore we don't expect AEO's (first-quarter) report to meaningfully shift sentiment or change EPS forecasts."In March, the retailer projected full-year comparable sales to rise by a mid-single-digit in fiscal 2026.UBS remains bullish on the company's long-term potential, with Aerie seen becoming a $3 billion brand. The brokerage has a buy rating on the stock and a 12-month price target of $35."We see Aerie as softlines' most under-appreciated growth brand," Sole said. "We think its sales can increase significantly over the coming years from roughly ($2.1 billion) today."Price: $15.35, Change: $-0.18, Percent Change: -1.19%

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Research

Barclays Upgrades American Eagle Outfitters to Equal Weight, $19 Price Target

American Eagle Outfitters (AEO) has an average rating of Hold and mean price target of $23.89, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$AEO
Wire

American Eagle Outfitters Shares Rise After New Summer Campaign With Sydney Sweeney

American Eagle Outfitters (AEO) shares rose 6% in early trading Wednesday after the company launched its summer marketing campaign featuring Sydney Sweeney, following a prior promotion that coincided with a stock rally in July 2025.The campaign centers on denim shorts as a key seasonal product and continues the brand's collaboration with the actress, the company said.American Eagle Outfitters said the new rollout highlights more than 200 shorts styles and is part of a broader summer assortment that includes more than 850 new items.Price: $18.65, Change: $+0.88, Percent Change: +4.92%

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