Categories AlphaGraphs, Earnings, Retail

American Eagle Outfitters (AEO) Q4 2019 Earnings Snapshot

— American Eagle Outfitters Inc. (NYSE: AEO) reported its fourth quarter 2019 earnings of $0.37 per share vs. $0.36 per share expected.

— Revenue grew by 6% to $1.31 billion vs. $1.27 billion expected. Consolidated comparable sales rose 2% over the prior year quarter.

American Eagle Outfitters (AEO) Q4 2019 earnings infograph

— GAAP EPS of $0.03 declined from $0.43 in the fourth quarter of 2018.

— Based on an anticipated comparable sales increase in the low single digits, first quarter 2020 EPS is expected to be approximately $0.20 to $0.22.

— The company incurred impairment, restructuring and related charges of approximately $76 million pre-tax, or $0.34 per share after-tax.

— Approximately $65 million of the pre-tax charges related to the non-cash impairment of 20 stores and the remainder primarily reflected severance and other costs.

— American Eagle ended 2019 with a total of 1,095 stores. During FY19, the company opened 27 AE stores and closed 21, ending the year with 940 AE stores.

— AEO stock rose about 7% during the after-hours trading session.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Also Read:  Dave & Buster's Entertainment (PLAY) Earnings: 2Q20 Key Numbers

Most Popular

What awaits Herman Miller (MLHR) beyond the home-office rush?

Herman Miller Inc. (NASDAQ: MLHR) is one of the few Wall Street firms that managed to take advantage of the opportunities created by the pandemic, after being hit by the

Cognizant’s (CTSH) buying spree in 2020

Cognizant Technology Solutions (NASDAQ: CTSH) has been on a buying spree in 2020. The portfolio of the acquisitions that Cognizant made this year is expected to help the company in

Major earnings conferences to watch for the week of Sept. 21

After registering a slow recovery in the first half of the week, the markets pared these gains on Thursday and Friday. The weakness witnessed in the latter half of the

3 thoughts on “American Eagle Outfitters (AEO) Q4 2019 Earnings Snapshot

Comments are closed.

Top