American Eagle Outfitters (NYSE: AEO) reported Q1 EPS of $0.17, in-line with the analyst estimate of $0.17. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.07 billion.

Outlook:

For the second quarter, management’s outlook reflects revenue down low-single digits to last year with operating income in the range of $25 to $35 million. This assumes gross margin recovery year-over-year as the company cycles pressure from end of season sell-offs and elevated freight costs. SG&A is expected to increase in the low-to-mid-single digits. Depreciation is expected to be similar to the first quarter.

For the year, management expects revenue in the range of flat to down low-single digits to last year with operating income in the range of $250 to $270 million.

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