American Eagle Outfitters stock is soaring today, but maybe thank Aerie for the boost, not Sydney Sweeney

Key Highlights

• The 6% increase year-over-year (YOY) beat Wall Street’s predicted $1.32 billion in revenue, according to consensus estimates cited by CNBC.
• The company also reported earnings per share of 53 cents, compared to 44 cents expected.
• American Eagle’s namesake brand—and home to the “Sydney Sweeney has great jeans” advertisements—can’t claim much responsibility for the jump.
• Its comparable sales grew by only 1% YOY, while Aerie’s comparable sales jumped 11% YOY.
• “Resurgence in intimates” Looking at the fiscal year to date, Aerie also reported higher revenue than last year, while the American Eagle brand lagged behind itself YOY.