Market Overview

UPDATE: American Eagle Posts Drop In Q4 Profit, Issues Downbeat Profit Outlook

Share:
Related AEO
Benzinga's Top Upgrades, Downgrades For January 11, 2018
Lululemon Lifts Q4 Outlook On Successful Holiday Feat
Cowen confident on select retail names after ICR (Seeking Alpha)

American Eagle Outfitters (NYSE: AEO) reported a drop in its fiscal fourth-quarter profit.

American Eagle's quarterly profit declined to $10.5 million, or $0.05 per share, versus a year-ago profit of $94.8 million, or $0.47 per share.

Its sales slipped 7% to $1.04 billion versus $1.12 billion, while comparable sales dropped 7%. Excluding special items, its adjusted profit came in at $0.27 per share, versus analysts' estimates of $0.26 per share.

American Eagle expects Q1 per-share earnings to break even, versus analysts' estimates of $0.13 per share.

American Eagle shares fell 6.69% to $13.26 in pre-market trading.

Posted-In: profitEarnings News Guidance

 

Related Articles (AEO)

View Comments and Join the Discussion!