American Eagle Outfitters (AEO) Tops Q4 EPS by 7c

American Eagle Outfitters (NYSE: AEO) reported Q4 EPS of $0.37, $0.07 better than the analyst estimate of $0.30. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.48 billion.

Outlook:

Entering 2023, our brands are strong and inventory is healthy. The global supply chain continues to normalize, providing improved costs and greater agility. Additionally, the company remains focused on reducing expenses. Yet, given limited visibility into the macro environment and overall consumer spending behavior, the company is taking a cautious view.

For the first quarter, management’s outlook reflects revenue in the range of flat to up low-single digits with operating income approximately flat to last year.

For the full-year, management’s outlook reflects revenue in the range of flat to up low-single digits with operating income in the range of $270 to $310 million, compared to adjusted operating income of $269 million in 2022.

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

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• SanDisk upgraded at JPMorgan after investor day; shares climb
• Pro Diversity Network (IPDN) Reports Q2 Loss of $0.15