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American Eagle Beats Sales Estimates

The teen retailer’s total net revenue rose to $1.31 billion in the fourth quarter, in part due to the success of its inclusive intimates line Aerie.

American Eagle 0utfitters store front | Source: Shutterstock

Reuters

05 March 2020

PITTSBURGH, United Staes — American Eagle Outfitters Inc. beat market estimates for fourth-quarter revenue on Wednesday, benefiting from higher demand for the apparel retailer's jeans and Aerie label, which includes intimate wear and activewear.

The company's shares were up 5 percent in after-market trade.

Total net revenue rose to $1.31 billion in the three months ended February 1, from $1.24 billion a year earlier, above the average analysts' estimate of $1.27 billion, according to IBES data from Refinitiv.

Net income fell to $4.8 million, or 3 cents per share, from $76.2 million, or 43 cents per share, a year earlier, as the company took an impairment, restructuring and related charges of about $76 million pre-tax charge.

By Praveen Paramasivam; editor: Shailesh Kuber

In This Article

Topics

Retail

Organisations

American Eagle Outfitters

Location

Pittsburgh, United States

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