Cowen Reiterates Bullish View on American Eagle Outfitters (AEO) on Solid Execution
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American Eagle Outfitters Names Jay L. Schottenstein, Chief Executive Officer
December 2, 2015 4:03 PM ESTPITTSBURGH--(BUSINESS WIRE)-- American Eagle Outfitters, Inc. (NYSE: AEO) today announced its Board of Directors has appointed Jay L. Schottenstein Chief Executive Officer, effective immediately. Jay will continue in his role as Executive Chairman of the Board. He has served as interim Chief Executive Officer since January of 2014.
Jay has orchestrated a swift recovery since taking the helm, successfully guiding the company through a challenging and highly competitive retail environment, commented Michael Jesselson, Lead Independent Director for AEOs Board of Directors. He has... More
American Eagle Outfitters Reports Strong Third Quarter Sales and EPS Growth
December 2, 2015 4:02 PM ESTComparable Sales Increase 9% and EPS Rises 59% to $0.35
PITTSBURGH--(BUSINESS WIRE)-- American Eagle Outfitters, Inc. (NYSE: AEO) today reported EPS from continuing operations of $0.35 for the third quarter ended October 31, 2015, a 59% increase from adjusted EPS of $0.22 for the comparable quarter last year. The EPS figures refer to diluted earnings per share.
Jay Schottenstein, chief executive officer commented, We are extremely pleased with our third quarter results. Both the American Eagle and Aerie brands performed exceptionally well, delivering increased sales and profitability. It is gratifying to see positive momentum, which speaks volumes... More
