With same-store sales spiking 8% from a year ago, specialty retailer American Eagle’s (AEO) fourth-quarter sales improved 12% to $1.23 billion.
American Eagle saw strong sales from retail stores and on the digital front. The retailer hiked its dividends by 10% to $0.1375 per share.
GAAP earnings came in at $93.9 million or $0.52 per share, which includes tax benefit of $14.9 million or $0.08 per share due to the recent tax reforms. On an adjusted basis, earnings increased 13% to $0.44 per share.
Margins contracted by 80 basis points due to higher marketing costs. American Eagle ended fiscal 2017 with 1,047 stores and licensed 214 stores globally.
Outlook
For the first quarter of 2018, the specialty retailer expects its EPS to be in the range of $0.20 to $0.22, excluding impairment and restructuring costs.
Most Popular
Intensity Therapeutics is establishing a new field of localized cancer reduction: CEO
Intensity Therapeutics, Inc. (NASDAQ: INTS) is a clinical biotechnology company engaged in the discovery development, and commercialization of first-in-class cancer drugs that attenuate tumors with minimal side effects while training
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on