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American Eagle Outfitters (AEO) 1Q18 Results: Beats Estimates, Reports Solid Comps Across Brands and Channels

Coresight Research

Key Points

  • American Eagle Outfitters reported 1Q18 revenues of $823 million, up 8.0% year over year and beating the $811 million consensus estimate. Adjusted EPS was $0.23, above the $0.22 consensus estimate and up 43.8% from the year-ago quarter.
  • Comparable sales were up 9.0% year over year. By brand, American Eagle reported 4.0% comps and Aerie reported 38.0% comps. Digital sales grew by 20.0% in the quarter.
  • For 2Q18, the company anticipates a mid-single-digit comp increase and adjusted EPS of $0.27–$0.29, compared with the consensus estimate of $0.25.

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