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Company Earning Updates 3 minutes

American Eagle Outfitters (AEO) Fiscal 2Q18 Results: Company Beats Expectations, Raises Guidance

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Coresight Research

Key Points

  • 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.

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