American Eagle Outfitters, Inc. (NYSE:AEO) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.54%.
American Eagle Outfitters, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 18.18% to $0.18 in the quarter versus EPS of $0.22 in the year-earlier quarter.
Revenue: Decreased 5.51% to $679.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: American Eagle Outfitters, Inc. reported adjusted EPS income of $0.18 per share. By that measure, the company beat the mean analyst estimate of $0.17. It beat the average revenue estimate of $678.41 million.
Quoting Management: Robert Hanson, chief executive officer stated, “Our first quarter results reflected a tough macro-environment as well as cooler weather causing soft demand for seasonal merchandise, all against warmer-than-normal weather and a strong performance last year. Although disappointed with the decline to last year, we sustained a high level of profitability supported by strong inventory principles, fleet repositioning efforts and the growth of our online business. We remain confident in our strategic direction and made good progress on our initiatives to fortify our business, grow North America and lay the foundation for transformational global longer-term growth. Our focus is aimed at driving profitable revenue growth and delivering top tier returns to our shareholders.”
Key Stats (on next page)…