Company Earnings Update 3 minutesRegister for Free AccessAmerican Eagle Outfitters (AEO) 3Q18 Results: Reaches Milestone $1 Billion in Sales, but Misses Expectations and Lowers Guidance Coresight Research December 12, 2018 Executive Summary American Eagle Outfitters reported 3Q18 revenues of $1.004 billion, up 4.5% year over year and just shy of the $1.02 billion consensus estimate. EPS was $0.48, in line with the consensus estimate and up significantly from $0.36 in the year-ago quarter. Comparable sales were up for the 15th consecutive quarter, at 8.0%, but missed the consensus estimate of 8.8%. American Eagle comps rose by 5%, compared with the consensus estimate of 6%, and Aerie comps rose by 32%, beating the consensus estimate of 28.5%. The company lowered its 4Q18 EPS guidance to $0.40–$0.42 from $0.45–$0.47 previously, based on expected comp growth in the mid-single digits and total revenue growth in the low single digits, versus consensus of $0.47. The company also lowered its fourth-quarter comp and revenue projections, and now expects mid-single-digit comp growth and low-single-digit total revenue growth. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Kroger and Albertsons To Divest 413 Stores to C&S Wholesale Grocers in a $1.9 Billion DealWeekly US and UK Store Openings and Closures Tracker 2023, Week 52: US Store Openings Pass 5,500China’s 6.18 Shopping Festival 2023: Three Trends To Watch, Discounting To Entice Cautious ConsumersSurprisingly Strong In-Store Shopping Accompanies Prime Day Week: US Consumer Tracker 2023, Week 30