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American Eagle Outfitters Surges After Q3 Earnings Beat – American Eagle Outfitters (NYSE:AEO)



  • American Eagle Outfitters Inc AEO reported a third-quarter FY22 gross sales decline of three% year-on-year to $1.24 billion, beating the consensus of $1.21 billion.
  • Web income from Aerie elevated 11% Y/Y, and American Eagle fell 11%.
  • Consolidated retailer income decreased 4%, and digital income dropped 5% versus final yr. In comparison with the pre-pandemic Q3 2019 base, retailer income elevated 3%, and digital income elevated 35%.
  • Gross revenue fell 15% Y/Y to $480 million, and the gross margin contracted 560 foundation factors Y/Y to 38.7%.
  • The working margin was 9.5%, and working earnings for the quarter was $118 million.
  • EPS of $0.42 beat the analyst consensus of $0.22.
  • The corporate held $82.1 million in money and equivalents as of October 29, 2022.
  • Complete consolidated ending stock at price elevated 8% to $798 million.
  • Additionally LearnAmerican Eagle Inventory Is Hovering Right this moment: Here is Why
  • Outlook: For This autumn, the corporate is guiding model income down within the mid-single digits and expects model comps to be per the third quarter. 
  • The corporate can be guiding This autumn gross margin within the vary of 32% to 33%, on the increased finish of earlier steerage of low-30s.
  • The corporate continues to count on the fourth quarter-ending stock to be all the way down to final yr.
  • Value Motion: AEO shares are buying and selling increased by 17.35% at $15.26 on the final examine Tuesday.
  • Picture Through Wikimedia Commons
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