American Eagle Outfitters (AEO) Announces 6% Decrease in Comps for April 2010; Reiterates Q1 non-GAAP EPS Guidance
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Price: $16.17 +1.06%
Revenue Growth %: +7.0%
Financial Fact:
Selling, general and administrative expenses: 219.91M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Revenue Growth %: +7.0%
Financial Fact:
Selling, general and administrative expenses: 219.91M
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 four weeks ended May 1, 2010 decreased 1% to $192 million, compared to $194 million for the four weeks ended May 2, 2009. Consolidated comparable store sales decreased 6% for the month, compared to a 5% decrease for the same period last year.
Total sales for the first quarter ended May 1, 2010 increased 8% to $659 million, compared to $612 million for the quarter ended May 2, 2009. Comparable store sales increased 5% for the quarter compared to a 10% decline for the same period last year.
The company is reiterating its first quarter non-GAAP earnings guidance of $0.15 to $0.17 per diluted share. This guidance excludes estimated charges and an operating loss related to the MARTIN+OSA business as outlined in the table which follows. It also excludes potential investment security charges. Last year, the company reported first quarter non-GAAP earnings of $0.11 per diluted share, which excluded a tax benefit, a realized loss related to the sale of investment securities and an operating loss related to MARTIN+OSA, as outlined in the table which follows.
In April, the company repurchased 4 million shares at a cost of approximately $72 million. The company currently has authorization to repurchase an additional 26 million shares, which expires at the end of fiscal 2010.
Total sales for the first quarter ended May 1, 2010 increased 8% to $659 million, compared to $612 million for the quarter ended May 2, 2009. Comparable store sales increased 5% for the quarter compared to a 10% decline for the same period last year.
The company is reiterating its first quarter non-GAAP earnings guidance of $0.15 to $0.17 per diluted share. This guidance excludes estimated charges and an operating loss related to the MARTIN+OSA business as outlined in the table which follows. It also excludes potential investment security charges. Last year, the company reported first quarter non-GAAP earnings of $0.11 per diluted share, which excluded a tax benefit, a realized loss related to the sale of investment securities and an operating loss related to MARTIN+OSA, as outlined in the table which follows.
In April, the company repurchased 4 million shares at a cost of approximately $72 million. The company currently has authorization to repurchase an additional 26 million shares, which expires at the end of fiscal 2010.
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