American Eagle Outfitters, Inc. (AEO) Tops Q1 EPS by 2c; Comps Down 10%

American Eagle Outfitters, Inc. (NYSE: AEO) reported Q1 EPS of $0.02, $0.02 better than the analyst estimate of $0.00. Revenue for the quarter came in at $646 million versus the consensus estimate of $648.73 million.

Consolidated comparable sales decreased 10%, following a 5% decrease last year.

Jay Schottenstein, Interim CEO stated, “Results were consistent with our expectations. The quarter reflected weak sales and increased markdowns. We are committed to improved profitability and are working hard to implement our plan to strengthen our brands, channels and operations. Specific actions underway include continuing to build strong omni-channel capabilities, rationalizing our store fleet, reducing expenses, growing international licensed stores, and most importantly, delivering great merchandise and customer experience across our brands. Our focus is on leveraging our strong brands and talented team in order to deliver long-term profitable growth and enhanced value for our shareholders.”

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

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