— American Eagle Outfitters Inc. (NYSE: AEO) reported its third-quarter 2019 earnings of $0.48 per share versus $0.48 per share expected.
— Total net revenue grew by 6% to $1.07 billion versus $1.06 billion expected.
— Consolidated comparable sales increased 5%, following an 8% comparable sales increase last year, and was positive across both store and digital channels.
— By brand, American Eagle’s comparable sales rose 2% and Aerie’s comparable sales increased 20%.
— Gross margin fell to 38.2% from 39.8% last year. The decline primarily reflected increased markdowns.
— During the quarter, the company opened 6 American Eagle stores, ending with 945 American Eagle stores, including 170 Aerie side-by-side locations.
— The company opened 12 Aerie stand-alone stores and closed 1, ending with 142 Aerie stand-alone stores. Internationally, the company ended the quarter with 241 licensed stores compared to 223 last year.
— For the fourth quarter, the management expects EPS of $0.34 to $0.36, with comparable sales about flat. This is lower than the analysts’ expectations of $0.48 per share. Last year, the company posted an EPS of $0.43.
Aurora Cannabis Inc. (NYSE: ACB) reported third quarter 2021 earnings results today. Total revenues fell 25% year-over-year to CAD55.1 million. Adjusted EBITDA loss amounted to CAD24 million. Cash balance as
Media behemoth The Walt Disney Company (NYSE: DIS) reported second-quarter revenues that declined from last year as customers stayed away from theatres and parks due to pandemic-related safety issues and
Shares of Tattooed Chef Inc. (NASDAQ: TTCF) have gained 57% over the past 12 months but has dropped 25% since the start of this year. The sentiment on the stock