American Eagle Outfitters Reports Third Quarter Results
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American Eagle Outfitters (AEO) Tops Q3 EPS by 1c
November 24, 2020 4:04 PM ESTAmerican Eagle Outfitters (NYSE: AEO) reported Q3 EPS of $0.35, $0.01 better than the analyst estimate of $0.34. Revenue for the quarter came in at $1.03 billion versus the consensus estimate of $1.03 billion.
Aeries momentum continues, posting 34% revenue growth and record profitsDigital revenue increased 29%, with Aerie growing 83% and AE up 11%Gross profit rate expanded, fueled by greater full-price selling across brandsPositive cash flow further strengthened financial health, ending with $692 million in cashAEO well-positioned for holiday seasonThird Quarter 2020 Results
Total net revenue for the 13 weeks ended October 31, 2020 decreased $35 million, or 3%... More