American Eagle stock jumps 10% as it expects a big holiday, raises forecast after Sydney Sweeney ads

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American Eagle

issued bullish holiday guidance and raised its full-year forecast on Tuesday after posting better-than-expected quarterly results.

The apparel company is expecting fiscal fourth quarter comparable sales to grow between 8% and 9% – about four times better than the 2.1% analysts had anticipated, according to StreetAccount.

American Eagle is now expecting its full year adjusted operating income to be between $303 million and $308 million – up from its previous range of $255 million to $265 million.