Company Earnings Update 3 minutesRegister for Free AccessAmerican Eagle Outfitters (AEO) Fiscal 2Q18 Results: Company Beats Expectations, Raises Guidance Coresight Research August 30, 2018 Executive Summary American Eagle Outfitters reported fiscal 2Q18 revenues of $965 million, up 14.2% year over year and beating the $938 million estimate. Adjusted EPS was $0.34, beating the consensus estimate of $0.31 and up significantly from adjusted EPS of $0.19 from the year-ago quarter. Comparable sales were up 9.0% year over year, compared to the consensus estimate of 6.4% and a 2% comp sales increase from the year ago quarter. This is the 14th consecutive quarter of positive comp sales. The company raised its EPS guidance for 3Q18 to $0.45–$0.47 from $0.27–$0.29, versus consensus of $0.49. The company now expects comps to be in the high-single digits compared to consensus at 3.2% and total revenue growth in the mid-single digits. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Weekly US and UK Store Openings and Closures Tracker 2024, Week 27: Walgreens Boots Alliance and Bob’s Stores To Close Stores in the USChina Consumer Tracker: Understanding Luxury ShoppersConsumers Dine Out at Record-High Rates: US Consumer Survey InsightsWeinswig’s Weekly: How Are Chinese Consumers Shopping Beauty?
