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
Tyson Foods (TSN) Q1 2023 Earnings: Key financials and quarterly highlights
Tyson Foods Inc. (NYSE: TSN) reported first quarter 2023 earnings results today. Sales rose 2.5% year-over-year to $13.2 billion. Net income attributable to Tyson was $316 million, or $0.88 per
After weak start to 2023, Apple (AAPL) sees some bright spots
Apple Inc. (NASDAQ: AAPL) this week reported its first revenue decline in more than three years, even as the high inflation continues to squeeze customers’ spending power. Sales of the
Earnings: Qualcomm (QCOM) Q1 profit falls on lower revenues
Chipmaker Qualcomm, Inc. (NASDAQ: QCOM) has reported lower earnings and revenues for the first quarter of 2023. The company also provided guidance for the second quarter of 2023. At $9.5