American Eagle Outfitters (AEO) Reaffirms Q4 EPS Guidance

American Eagle Outfitters, Inc. (NYSE: AEO) today announced that fourth quarter comparable sales to date are approximately flat, following a 6% comp increase last year. The company reaffirms its previously issued fourth quarter EPS guidance in the range of $0.34 to $0.36 per diluted share. This guidance excludes potential asset impairment and restructuring charges.

(*Consensus sees Q4 EPS of 36 cents)

“Despite some expected challenges, we delivered another holiday season of record revenue, driven by strength in the Aerie brand and American Eagle’s signature jeans collections,” commented Jay Schottenstein, AEO’s Chief Executive Officer. “We look forward to the new fiscal year, as we continue to fuel our growth pillars, while positioning AEO for greater success and improved profitability.”

The company will release fourth quarter and fiscal 2019 results on March 4, 2020 and will host a conference call to review financial results on that date.

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