American Eagle Outfitters (AEO) Tops Q4 EPS by 11c

American Eagle Outfitters (NYSE: AEO) reported Q4 EPS of $0.61, $0.11 better than the analyst estimate of $0.50. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.66 billion.

Outlook:

For Fiscal 2024, management expects operating income in the range of $445 to $465 million. This reflects revenue up 2 to 4% to last year, including an approximately one point headwind from one less selling week due to the retail calendar shift.

Due to easier comparisons in the first half of the year, the significance of the shifted retail calendar and one less selling week in the fourth quarter, we expect revenue and profit growth to be skewed to the first half of the year.

For the first quarter, management expects operating income in the range of $65 to $70 million. This reflects revenue up mid-single digits, including an approximately one point positive impact from the retail calendar shift.

For earnings history and earnings-related data on American Eagle Outfitters (AEO) click here.

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