American Eagle Outfitters (AEO) Reiterates Q4 Guidance

American Eagle Outfitters, Inc. (NYSE: AEO) today announced that fourth quarter comparable sales to date, through Sunday, January 13, 2019, have increased 6%, following an 8% comp increase last year. The company reiterated its previously issued fourth quarter EPS guidance in the range of $0.40 to $0.42 per diluted share.

In December, AEO repurchased an additional 4 million shares, bringing the year-to-date total to 7.3 million shares repurchased for a total of $144 million.

“Fueled by our leading brands and a favorable customer response to the merchandise collections, I’m pleased to report another record holiday season,” commented Jay Schottenstein, AEO’s Chief Executive Officer. “The teams delivered positive results across brands and channels, demonstrating consistent business performance. We remain focused on driving profitable revenue growth and delivering shareholder value.”

The company will release fourth quarter and fiscal 2018 results on March 6, 2019 and will host a conference call to review financial results on that date.

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