American Eagle Outfitters Same-Store Sales Rise During Holiday Season
January 08 2018 - 5:51PM
Dow Jones News
By Aisha Al-Muslim
American Eagle Outfitters Inc. (AEO) said Monday
comparable-store sales to date in its fourth quarter are up 8% from
a year ago, aided by record sales during the holiday season.
Analysts polled by FactSet forecast the company to record a 5%
increase in same-store sales for the quarter, which ends later in
January.
The clothing retailer on Monday reiterated guidance on
fourth-quarter earnings per share in the range of 42 cents to 44
cents, compared with 39 cents a year earlier.
The Pittsburgh-based company is scheduled to release its
fourth-quarter and fiscal 2017 results on March 8.
The stock was unchanged at $17.95 in after-hours trading.
American Eagle is the latest retailer to report stronger sales
during the critical holiday shopping period. Kohl's Corp., Macy's
Inc. and J.C. Penney Co. over the last week reported stronger
comparable-store sales.
Write to Aisha Al-Muslim at aisha.al-muslim@wsj.com
(END) Dow Jones Newswires
January 08, 2018 17:36 ET (22:36 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
Macys (NYSE:M)
Historical Stock Chart
From Mar 2024 to Apr 2024
Macys (NYSE:M)
Historical Stock Chart
From Apr 2023 to Apr 2024