American Eagle Outfitters (AEO) Reiterates Q4 EPS Guidance, Comps Decline 8%

American Eagle Outfitters, Inc. (NYSE: AEO) today announced that fourth quarter comparable sales to date have increased 8%. The company is reiterating its previously issued fourth quarter EPS guidance in the range of $0.42 to $0.44 per diluted share. This compares to Adjusted EPS* of $0.39 last year.

(Street sees Q4 EPS of $0.44)

Jay Schottenstein, Chief Executive Officer commented, “We are extremely pleased to report a successful holiday season with record sales and strong momentum across the American Eagle and Aerie brands. Customers responded well to our merchandise offerings, which fueled positive traffic both online and in stores.”

Earnings guidance excludes the impact of tax reform and potential asset impairment and restructuring charges. The company will release fourth quarter and fiscal 2017 results on March 8, 2018 and will host a conference call to review financial results on that date.

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