American Eagle Outfitters (AEO) Tops Q1 EPS by 1c, Comps Increase 9%, Offers Guidance
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American Eagle Outfitters Reports Record First Quarter Sales
May 31, 2018 8:00 AM EDT
Comparable Sales Rise 9%
EPS Increases 57%
2.3 Million Shares
Repurchased
PITTSBURGH--(BUSINESS WIRE)-- American Eagle Outfitters, Inc. (NYSE: AEO) today reported EPS of $0.22 for the quarter ended May 5, 2018, compared to $0.14 for the quarter ended April 29, 2017. Excluding restructuring charges of $0.01, the companys adjusted EPS increased 44% to $0.23, compared to adjusted EPS of $0.16 last year.
Adjusted amounts are based on Non-GAAP results, as presented in the accompanying GAAP to Non-GAAP reconciliation.
First Quarter 2018 Results
Total net revenue increased 8% to $823 million compared to $762 million last year. Consolidated... More