American Eagle Outfitters Inc.

NYSE:AEO   4:00:00 PM EDT
15.82
+0.12 (+0.76%)
4:16:06 PM EDT: $15.83 +0.01 (+0.06%)
Other Pre-Announcement

AEO reports Q3 Results

Published: 11/22/2022 13:07 GMT
American Eagle Outfitters Inc. (AEO) - Aeo Delivers Third Quarter Results Ahead of Expectations With Meaningful Margin Improvement From First Half.
Qtrly GAAP Diluted EPS of $0.42.
Qtrly Revenue of $1.2 Billion, Down 3%.
Guiding Q4 Gross Margin in Range of 32% to 33%, at Higher End of Previous Guidance.
For Q4, Company is Guiding Brand Revenue Down in Mid Single Digits, and Expects Brand Comps to Be Consistent With Q3.
Qtrly Comp Sales Declined 3%.
American Eagle Outfitters-remains on Track to Deliver $100 Million in Reductions to Original Plan,expects Sg&a Dollars in Q4 to Be About Flat to Last Year.
Qtrly Total Ending Inventory at Cost Increased 8% to $798 Million.
Continues to Expect Q4 Ending Inventory to Be Down to Last Year.
Continues to Expect Full-year Spend to Approximate $250 Million.
Q3 Earnings per Share View $0.22, Revenue View $1.21 Billion -- Refinitiv Ibes Data (analyst estimates).
Q4 Revenue View $1.46 Billion -- Refinitiv Ibes Data (analyst estimates).