American Eagle Outfitters (AEO) Reiterates Q4 Guidance
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American Eagle Outfitters, Inc. Provides Fourth Quarter Update
January 14, 2019 8:01 AM ESTQuarter-to-Date Comp Sales Rise 6%
Reiterates EPS Guidance of 40 to 42 cents
Completes Additional 4 Million Share Repurchase
PITTSBURGH--(BUSINESS WIRE)-- 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.
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