— 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.
— 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.
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