American Eagle Outfitters (AEO) Tops Q2 EPS by 3c, Comps Up 2%

American Eagle Outfitters (NYSE: AEO) reported Q2 EPS of $0.19, $0.03 better than the analyst estimate of $0.16. Revenue for the quarter came in at $845 million versus the consensus estimate of $824.04 million.

Consolidated comparable sales were up 2%, following a 3% increase last year.

Jay Schottenstein, Chief Executive Officer commented, “In the second quarter, we achieved sales and earnings above our expectations in a challenging retail environment. Sales trends improved and I’m proud of the continued growth in jeans, bottoms, women’s apparel and Aerie, with encouraging signs in men’s tops beginning to emerge. Our brands are strong and we have significant opportunity for further growth. I’m optimistic as we enter the second half of the year, and we remain focused on delivering product innovation, strengthening customer engagement and improving profit flow-through.”

GUIDANCE:

American Eagle Outfitters sees Q3 2017 EPS of $0.36-$0.38, versus the consensus of $0.38.

For earnings history and earnings-related data on American Eagle Outfitters (AEO) click here.

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