American Eagle Outfitters Inc.: American Eagle Outfitters Reports Strong Third …

3 Dec 2015 | Author: | No comments yet »

American Eagle Outfitters (AEO) Updates Q4 Earnings Guidance.

American Eagle Outfitters Inc. on Wednesday posted a third-quarter profit that topped Wall Street expectations and named its interim CEO — and longtime chairman — to the post permanently. The company provided earnings per share guidance of $0.40-0.42 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.41, MarketBeat reports. The teen clothing industry has been on a bumpy ride in recent years with a number of bankruptcies hitting the sector and reports that teens were more interested in buying electronics than the latest sweaters and T-shirts. Profit margins were up due in part to American Eagle’s move to lower the amount of merchandise marked down. “We are extremely pleased with our third qurater results,” said Mr.

Schottenstein, in the announcement. “Both the American Eagle and Aerie brands performed exceptionally well, delivering increased sales and profitability.” American Eagle is projecting same-store sales in the fourth quarter will see a mid single-digit increase. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock.

Following the completion of the acquisition, the chief executive officer now owns 969,995 shares in the company, valued at approximately $15,267,721.30. The aerie brand is a collection of intimates and personal care products for women, such as bras and undies at the core, and offerings in sleep, swim and apparel. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law.

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