| American Eagle Outfitters
Earnings Call |
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American Eagle Outfitters Earnings Call, First Quarter 2008
29th May 2008 00:00 AM |
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| The firm is highly focused on improving top line performance and is taking a disciplined approach on inventory investments. |
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| The clothing merchandiser reported a 44% drop in net income to $43.9 million or 21 cents a share from $78.8 million or 35 cents a share in the prior year due as higher costs offset a 5% increase in revenues to $640 million. Going forward, the firm will focus on addressing all operating costs through a comprehensive cost-reduction initiative which should enable it to leverage at a minimum of a flat comp for this year |
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American Eagle Outfitters Fourth Quarter Earnings Call
13th March 2008 00:00 AM |
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| Net income dropped 7% to $141 million or 67 cents a share compared to $150 million or 68 cents a share last year due to lower margins. |
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| The clothing retailer reported a 2.3% increase in sales to $995.4 million from $973.4 million in 2006 though comparable store sales decreased 2%, reflecting a decline in traffic, resulting in lower transactions per store. Going forward, the firm is focused on strengthening the business, improving operations and managing inventory and expenses. It is also investing in the development of brands and continuing to build long-term profitability. |
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American Eagle Outfitters Third Quarter Earnings Call
4th December 2007 00:00 AM |
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| Net income dropped to $99.4 million, or 45 cents per share, from $100.9 million, or 44 cents per share a year ago. |
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| The quarterly profit was hurt by the higher costs of sales and the growing buying, occupancy and warehousing costs, which climbed to 52.6% of sales compared to 50.5% a year ago. Revenue jumped 7% to $744.4 million from $696.3 million in the third quarter of 2006. Same-store sales increased 2%. American Eagle had 9,615 fewer shares outstanding in the latest quarter, which helped the company’s per share results. |
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American Eagle Outfitters Second Quarter Earnings Call
29th August 2007 00:00 AM |
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| Profit increased 13% to $81.3 million due to strong sales growth. |
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| The company reported revenue increase of 17% to $703.2 million, exceeding analysts’ expectations of $697.8 million. Merchandise margins declined 50 basis points as a result of higher markdowns, which were partially offset by a strong initial mark-up. Store traffic was hurt by later back-to-school starting dates around the US, as well as Florida and Texas shifting tax-free sales days from July to August. Q3 earnings guidance is of 47 cents a share to 48 cents a share. |
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American Eagle Outfitters First Quarter Earnings Call
1st June 2007 00:00 AM |
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| Net income increased 23% to $78.8 million compared to $64.2 million last year. |
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| The leading retailer of apparel has reported sales of $612.4 million, up 17% over the prior year quarter, on 6% increase in the comparable store sales. During the Q1, the company repurchased 2.8 million shares for a total investment of $85.2 million. In addition, the Board has authorized an additional 23 million shares over and above the 4.2 million shares remaining in the current authorization. For the Q2, American Eagle Outfitters expects earnings of 34 cents to 36 cents per share. |
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