American Eagle Outfitters (AEO) Tops Q1 EPS by 6c

American Eagle Outfitters (NYSE: AEO) reported Q1 EPS of $0.34, $0.06 better than the analyst estimate of $0.28. Revenue for the quarter came in at $1.14 billion versus the consensus estimate of $1.15 billion.

Outlook

For fiscal 2024, management continues to expect 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.

For the second quarter, management expects operating income in the range of $95 to $100 million. This reflects revenue up high-single digits, including an approximately $55 million positive impact from the retail calendar shift

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

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• Sun Communities names Ileana McAlary as general counsel and EVP
• Morgan Stanley sees little room left in steel rally, cuts Cleveland-Cliffs rating