Retail News

AMERICAN EAGLE UNDERPERFORMS IN THIRD QUARTER, SENDS SHARES PUMMELING

7 monthes ago   |   By Accessories Magazine

American Eagle Outfitters' winning streak has come to a crawl. Today the company announced its third quarter results, with total net revenue reaching $941 million, up 2% from last year's $919 million number. Same-store sales also saw a 2% increase, while total gross profit increased 3% to $378 million from $368...
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American Eagle Shares Fall on Investor Disappointment Over Q4 Guidance

7 monthes ago   |   By WWD

Shares of American Eagle Outfitters Inc. dropped 14 percent in late morning trading after investors showed their disappointment of the company's fourth-quarter projections.
The shares were trading at $16.26 at 11:32 a.m. The teen retailer earlier in the morning posted third-quarter results in which diluted earnings per share of 41 cents met Wall Street's consensus estimate. The problem was in the fourth-quarter outlook, with the company now guiding EPS to a range of 37 cents to 39 cents, based on comparable sales in the range of flat to a low-single-digit increase. That compares with the...
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