American Eagle Outfitters (AEO) Comps Up 7% for December 2009; Tightens Q409 EPS Guidance
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Price: $16.17 +1.06%
Revenue Growth %: +7.0%
Financial Fact:
Reissuance of treasury stock: -1.56M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Revenue Growth %: +7.0%
Financial Fact:
Reissuance of treasury stock: -1.56M
Today's EPS Names:
BTTX, VAXX, ELYS, More
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American Eagle Outfitters, Inc. (NYSE: AEO) today announced that total sales for the five weeks ended January 2, 2010 increased 9% to $538.9 million, compared to $493.5 million for the five weeks ended January 3, 2009. Consolidated comparable store sales increased 7% for the month, compared to a 17% decrease for the same period last year.
"A compelling merchandise assortment infused with fashion and value drove American Eagle Outfitters' strong December performance," said Jim O'Donnell, chief executive officer. "The positive trend spanned multiple merchandise categories and all geographic regions. Additionally, we held to our pre-determined promotional plan, resulting in a higher merchandise margin."
Total sales for the year-to-date eleven month period ended January 2, 2010 decreased 1% to $2.828 billion, compared to $2.849 billion for the eleven month period ended January 3, 2009. Comparable store sales decreased 5% for the year-to-date period compared to a 10% decline for the same period last year.
The company is updating its fourth quarter earnings guidance to $0.30 to $0.32 per diluted share. This guidance excludes any potential investment security or store impairment charges. Previous fourth quarter earnings guidance was $0.29 to $0.32 per diluted share. This compares to non-GAAP earnings of $0.19 per diluted share last year, which excluded impairment charges of $0.03 per diluted share related to stores and investment securities.
"A compelling merchandise assortment infused with fashion and value drove American Eagle Outfitters' strong December performance," said Jim O'Donnell, chief executive officer. "The positive trend spanned multiple merchandise categories and all geographic regions. Additionally, we held to our pre-determined promotional plan, resulting in a higher merchandise margin."
Total sales for the year-to-date eleven month period ended January 2, 2010 decreased 1% to $2.828 billion, compared to $2.849 billion for the eleven month period ended January 3, 2009. Comparable store sales decreased 5% for the year-to-date period compared to a 10% decline for the same period last year.
The company is updating its fourth quarter earnings guidance to $0.30 to $0.32 per diluted share. This guidance excludes any potential investment security or store impairment charges. Previous fourth quarter earnings guidance was $0.29 to $0.32 per diluted share. This compares to non-GAAP earnings of $0.19 per diluted share last year, which excluded impairment charges of $0.03 per diluted share related to stores and investment securities.
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