Cowen Reiterates Bullish View on American Eagle Outfitters (AEO) on Solid Execution
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December 2, 2015 4:03 PM EST
PITTSBURGH--(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
December 2, 2015 4:02 PM EST
Comparable 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
