"Revenue declined only modestly which is something of a win for the company," said Neil Saunders, managing director of GlobalData.Įxcluding items, American Eagle earned 37 cents per share, above estimates of 30 cents. 28, while analysts had expected revenue of $1.48 billion. The company's net revenue fell 1% to $1.5 billion in the fourth quarter ended Jan. For Aerie, sales rose 12 to 359 million while comps grew 2 in first-quarter fiscal 2023. "Guidance for the year is better than many of its peers," said Zachary Warring, senior equity analyst at CFRA Research. Total net revenues of 1,080.9 million increased 2.5 year over year. Analysts on average expect 3.2% growth, according to Refinitiv IBES data.įinance chief Michael Mathias said that while the company has seen good trends in February with a favorable response to new merchandise, "the environment remains choppy".Īmerican Eagle's comment echoed rival Abercrombie & Fitch (ANF.N), which earlier on Wednesday said it was "cautiously optimistic" about consumer demand, after it forecast upbeat full-year sales. The company said on Wednesday it expects 2023 revenue to be in the range of flat to up low-single digit, taking a "cautious view" given the current macroeconomic environment. In January, the American Eagle said that its fourth-quarter sales and profit margins were tracking at high end of its forecasts, benefiting from its decision to right-size inventories and a better-than-expected performance at its American Eagle label. Shares of American Eagle jumped about 7% in extended trading as the company also reinstated a $0.10 per share quarterly cash dividend after pausing it in September.Įven as the United States faces once-in-a-generation levels of inflation, demand for sportswear, dresses and cargo pants have remained steady, benefiting apparel makers like American Eagle that have offered higher discounts to shoppers in order to get rid of excess stock. tourist and an assault on another near Neuschwanstein castle in southern Germany after he allegedly pushed the two. March 1 (Reuters) - American Eagle Outfitters (AEO.N) on Wednesday beat fourth-quarter market estimates, as consumers heading back to work and social events snapped up apparel and accessories despite persistently high inflation. BERLIN An American man has been arrested over the death of one U.S.
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