American Eagle Outfitters Provides Fourth Quarter Update, Reiterates EPS Guidance, Announces Participation in the 19th Annual...
06 January 2017 - 12:30AM
Business Wire
American Eagle Outfitters, Inc. (NYSE:AEO) today announced that
fourth quarter comparable sales to date are approximately flat. The
company continues to expect fourth quarter EPS to be within the
range of $0.37 to $0.39 per diluted share, consistent with its
previous guidance.
Jay Schottenstein, Chief Executive Officer commented, “The
holiday sales season was choppy and highly promotional, but
overall, I’m pleased that we are meeting many of our objectives for
the quarter. We had a strong Thanksgiving shopping period, and
despite traffic weakness in the malls leading into Christmas, our
online sales for both American Eagle and Aerie were strong
throughout the season. We remain focused on continuing to deliver
our key merchandise and operational initiatives, and I’m confident
in our prospects as we look ahead to 2017.”
Earnings guidance excludes potential asset impairment and
restructuring charges. The company will release fourth quarter and
fiscal 2016 results on March 1, 2017 and will host a conference
call to review financial results on that date.
ICR Conference
The company also announced that management will present at the
19th Annual ICR Conference on Tuesday, January 10, 2017 at 10:30 AM
EST.
A link to the live webcast will be available on the company’s
website, investors.ae.com at approximately 10:15 AM EST on Tuesday,
January 10, 2017.
About American Eagle Outfitters, Inc.
American Eagle Outfitters, Inc. (NYSE: AEO) is a leading global
specialty retailer offering high-quality, on-trend clothing,
accessories and personal care products at affordable prices under
its American Eagle Outfitters® and Aerie® brands. The company
operates more than 1,000 stores in the United States, Canada,
Mexico, China, Hong Kong and the United Kingdom, and ships to 81
countries worldwide through its websites. American Eagle Outfitters
and Aerie merchandise also is available at more than 160
international locations operated by licensees. For more
information, please visit www.ae.com.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: This release contains forward-looking
statements, which represent our expectations or beliefs concerning
future events, including fourth quarter 2016 results. All
forward-looking statements made by the company involve material
risks and uncertainties and are subject to change based on factors
beyond the company's control. Such factors include, but are not
limited to the risk that the company’s operating, financial and
capital plans may not be achieved and the risks described in the
Risk Factor Section of the company's Form 10-K and Form 10-Q filed
with the Securities and Exchange Commission. Accordingly, the
company's future performance and financial results may differ
materially from those expressed or implied in any such
forward-looking statements. The company does not undertake to
publicly update or revise its forward-looking statements even if
future changes make it clear that projected results expressed or
implied will not be realized.
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American Eagle Outfitters, Inc.Kristen McGraw, 412-432-3300
American Eagle Outfitters (NYSE:AEO)
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