This will help it surpass its fiscal 2023 operating income and margin goals two years ahead of schedule. As a result, management raised the 2023 financial targets. AEO now expects revenues of $5.8 billion, up from earlier mentioned $5.5 billion. The operating income is estimated to be $800 million, with the operating margin expanding to 13.5% by 2023. Previously, the operating income and the operating margin were anticipated to be $550 million and 10%, respectively. The revised view doesn't include asset impairment and restructuring charges. The company expects revenues for the Aerie brand to reach $2.2 billion by 2023, seeing more than a 20% compound annual growth rate compared with fiscal 2019. The American Eagle brand is also envisioned to grow slightly from fiscal 2019, with $3.6 billion in revenues. American Eagle updated the fourth-quarter fiscal 2021 view as well, which suggests gains from solid demand and pricing actions.