American Eagle Outfitters Q4 same-store sales rise 8%
American Eagle Outfitters, Inc. reported an 8% increase in fourth quarter comparable same-store sales.
The brand’s Chief Executive Officer Jay Schottenstein commented “We are extremely pleased to report a successful holiday season with record sales and strong momentum across the American Eagle and Aerie brands. Customers responded well to our merchandise offerings, which fueled positive traffic both online and in stores.”
A global retail brand specializing in apparel, accessories and personal care products, American Eagle Outfitters is based in Pittsburgh, Pennsylvania, and operates more than 1,000 stores in the United States, Canada, Mexico, China and Hong Kong. The company’s merchandise is also available in 81 countries through its website and is distributed at over 200 international locations via licensing agreements in 24 countries.
The brand had previously joined other US apparel retailers in forecasting strong earnings for the 2017 holiday season, albeit with lower margins. These optimistic predictions were largely proven right, with retail performing surprisingly well over the holidays, boosted by a rise in consumer confidence and increased use of mobile devices.
Earnings per share are expected to be up to between $0.42 and $0.44 per diluted share, compared to the previous year’s adjusted EPS of $0.39.
The company announced that it would release full Q4 and fiscal 2017 results on March 8, 2018.
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