American Eagle Outfitters (AEO) Sees Q4 EPS In-Line with Prior Views

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.

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