American Eagle Outfitters Inc.

NYSE:AEO   3:59:56 PM EDT
36.58
+2.02 (+5.84%)
4:00:00 PM EDT: $36.59 +0.01 (+0.03%)
Layoffs, Earnings Announcements

American Eagle Outfitters Reports Second Quarter Results

Published: 09/09/2020 12:22 GMT
American Eagle Outfitters Inc. (AEO) - American Eagle Outfitters Reports Second Quarter Results.
Q2 Loss per Share $0.08.
Q2 Revenue $884 Million Versus Refinitiv Ibes Estimate of $847.8 Million.
Q2 Earnings per Share Estimate $-0.16 -- Refinitiv Ibes Data (analyst estimates).
American Eagle Outfitters - in Q2, Incurred Incremental Covid-19 Expenses & Restructuring Charges of About $15 Million Pre-tax, Or $0.05 per Share After-tax.
Ending Inventory Declined 21%; Aeo is Well Positioned for Second Half.
By Brand, American Eagle Revenue Decreased 26% in Quarter.
at This Point Does Not Anticipate Declaring a Dividend for Rest of This Year.
In Quarter, Co Incurred Incremental Covid-19 Expenses and Restructuring Charges of About $15 Million Pre-tax.
For Fiscal 2020, Company Continues to Expect Capital Expenditures to Be in Range of $100 to $125 Million.
In Quarter, Co Incurred Restructuring Charges of $3 Million Pre-tax.
Q2 Digital Demand, As Measured by Ordered Sales, Increased 48%.
Continues to Expect Capital Expenditures to Be in the Range of $100 to $125 Million for 2020.
Repaid $130 Million in Outstanding Borrowings From Its Revolving Credit Facility During Q2.
Ae Brand Inventory Was Significantly Lower, As Inventories Were Cut Due to Covid-19-related Store Closures in Quarter.
In the Fall, Co Plans to Continue Inventory Optimization Initiatives to Streamline Assortments.
Revenue is expected to be $1.01 Billion
Adjusted EPS is expected to be $0.45

Next Quarter Revenue Guidance is expected to be $1.15 Billion
Next Quarter EPS Guidance is expected to be $0.42

More details on our Analysts Page.