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Wednesday, December 11, 2019

-=American Eagle (AEO) reported earnings on Wed 11 Dec 19 (b/o)

American Eagle reports EPS in-line, beats on revs; guides Q4 EPS below consensus
  • Reports Q3 (Oct) earnings of $0.48 per share, in-line with the S&P Capital IQ Consensus of $0.48; revenues rose 6.2% year/year to $1.07 bln vs the $1.06 bln S&P Capital IQ Consensus.
    • Consolidated comparable sales increased 5%, following an 8% comparable sales increase last year, and were positive across both store and digital channels.
    • By brand, American Eagle's comparable sales increased 2%, following a 5% increase last year. Aerie's comparable sales increased 20%, building on a 32% increase last year and marking the 20th consecutive quarter of double-digit sales growth.
  • Co issues downside guidance for Q4, sees EPS of $0.34-0.36 vs. $0.46 S&P Capital IQ Consensus, comparable sales approximately flat

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