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. 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: May 2024 US Retail Sales: Solid Growth Continues as Department Stores ReboundInflation Concerns Persist and Dollar Stores Thrive: US Consumer Survey Insights 2023, Week 433Q23 US Retail Inventory Insights: Positive Factors Pave the Way for Better Inventory Turnover in the Holiday QuarterMacy’s $5.8 Billion Buyout Bid: A Symphony of Risk and Opportunity