American Eagle Outfitters (AEO) is set to report its fourth-quarter 2018 earnings results on Wednesday, March 6, after the closing bell. The Street anticipates earnings of $0.42 per share on revenue of $1.27 billion.
The sentiment around the company’s December quarter results appears to be positive. In January, American Eagle announced that its comparable sales grew 6%. The company said it had a strong holiday season with momentum across brands and channels.
Last month, the specialty retailer disclosed plans to expand its American Eagle and Aerie brands across Europe through a multi-year license agreement with AEO EU. The company plans to open its first American Eagle store in Ireland this summer, and will then work to expand across several other countries including the UK, Germany and Switzerland.
As part of its investments, American Eagle introduced virtual fitting rooms across its stores in the US. This initiative will change the experience of trying on clothes while also helping to get rid of the hassles associated with it. The company has been taking several initiatives like these to improve its store experience and these are likely to benefit it in the fourth quarter and the quarters ahead.
Apart from this, several retailers are now moving into the online clothing rental market which is reportedly growing rapidly. American Eagle is also treading slowly into this space and the company is likely to benefit from this trend going forward.
For the fourth quarter, the company has provided an EPS outlook of $0.40 to $0.42.
In the third quarter, American Eagle reported earnings that matched expectations but the retailer missed estimates on revenue and outlook, hurting the stock at the time.
American Eagle’s shares have gained 7% so far this year. Most analysts have rated the stock as Buy and it has an average 12-month price target of $45.67.
Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!
Most Popular
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
Key metrics from Nike’s (NKE) Q2 2025 earnings results
NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net
FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips
Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,
