American Eagle Outfitters (AEO) January 2010 Comps Up 10% Y/Y; Raises Q409 EPS Guidance
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Price: $16.39 +1.36%
EPS Growth %: -51.1%
Financial Fact:
Retained earnings, ending: 1.74B
Today's EPS Names:
MSGM, SMID, VISL, More
EPS Growth %: -51.1%
Financial Fact:
Retained earnings, ending: 1.74B
Today's EPS Names:
MSGM, SMID, VISL, More
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American Eagle Outfitters, Inc. (NYSE: AEO) today announced that total sales for the four weeks ended January 30, 2010 increased 18% to $163.5 million, compared to $138.9 million for the four weeks ended January 31, 2009. Consolidated comparable store sales increased 10% for the month, compared to a 22% decrease for the same period last year.
Total sales for the quarter ended January 30, 2010 increased 7% to $972.0 million, compared to $905.7 million for the quarter ended January 31, 2009. Comparable store sales increased 5% for the quarter compared a 16% decrease for the same period last year.
Total sales for the year ended January 30, 2010 increased slightly to $2.991 billion, compared to $2.989 billion for the year ended January 31, 2009. Comparable store sales decreased 4% for the year, compared a 10% decrease for the same period last year.
The company is updating its fourth quarter earnings guidance to $0.32 to $0.33 per diluted share [consensus is $0.32]. This guidance excludes potential investment security or store impairment charges. Previous fourth quarter earnings guidance was $0.30 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.
Total sales for the quarter ended January 30, 2010 increased 7% to $972.0 million, compared to $905.7 million for the quarter ended January 31, 2009. Comparable store sales increased 5% for the quarter compared a 16% decrease for the same period last year.
Total sales for the year ended January 30, 2010 increased slightly to $2.991 billion, compared to $2.989 billion for the year ended January 31, 2009. Comparable store sales decreased 4% for the year, compared a 10% decrease for the same period last year.
The company is updating its fourth quarter earnings guidance to $0.32 to $0.33 per diluted share [consensus is $0.32]. This guidance excludes potential investment security or store impairment charges. Previous fourth quarter earnings guidance was $0.30 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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