In January, the Pittsburgh-based retailer announced that Q4 comparable sales through January 13, 2019, grew 6%. The company also reiterated its previously issued fourth quarter earnings outlook of $0.40 to $0.42 per share.
For Q1 2019, the company anticipates comparable sales to increase in the low single digits and EPS to be approximately $0.19 to $0.21.
In the third quarter of 2018, American Eagle reported earnings that matched expectations but the retailer missed estimates on revenue and outlook, hurting the stock at the time.
American Eagle ended FY18 with a total of 1,055 stores, which included 934 AE stores and 115 Aerie stand alone locations. At the end of fiscal 2019, the store count is expected to be in the range of 1,072 to 1,092.
Earlier today, apparel retailer Abercrombie & Fitch (ANF) reported upbeat Q4 results and a strong outlook, which helped the stock to jump 20% at the end of Wednesday’s trading session.
AEO stock opened at $20.85 today and closed the day up 4.01% at $21.25. Shares of American Eagle have gained 11% since the beginning of 2019 and 7% in the past three months period.
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