american eagle outfitters (AEO) Key Developments
American Eagle Outfitters and Abercrombie & Fitch Plan to Close 14% to 28% of Their Store Bases in 2015
Jan 31 15
American Eagle Outfitters and Abercrombie & Fitch - are paring back their locations. The companies plan to close 14% to 28% of their store bases in 2015.
American Eagle Outfitters, Inc. Announces Revenue Results for the Nine-Week Period Ended January 3, 2015; Revises Earnings Guidance for the Fourth Quarter of 2014
Jan 8 15
American Eagle Outfitters, Inc. announced revenue results for the nine-week period ended January 3, 2015. For the period, the company's total net revenue increased 1% to $893 million compared to $882 million for the nine-week period ended January 4, 2014. Consolidated comparable sales decreased 2%.
For the fourth quarter of 2014, the company now expects EPS to be approximately $0.32 to $0.34 per diluted share compared to adjusted EPS of $0.27 per share last year, representing growth of 19% to 26%. The company's previous EPS guidance was $0.30 to $0.33 per diluted share. The guidance excludes potential asset impairment and restructuring charges.
American Eagle Outfitters, Inc. Announces Quarterly Dividend, Payable on December 30, 2014
Dec 9 14
American Eagle Outfitters, Inc. announced a quarterly cash dividend of $0.125 per share, marking the company's 42nd consecutive quarterly dividend. The $0.125 dividend was declared on December 9, 2014 and is payable on December 30, 2014 to stockholders of record at the close of business on December 19, 2014.
American Eagle Outfitters, Inc. Plans to Open about 20 to 25 Stores in 2015; Expects to Close Approximately 70 Stores
Dec 4 14
American Eagle Outfitters, Inc. announced that in 2015, the company will open about 20 to 25 stores, primarily factory and international locations.
The company will close approximately 70 stores, including 20 aerie standalone stores, and most of the closures will occur upon lease expiration in January of 2016.
American Eagle Outfitters, Inc. Reports Unaudited Consolidated Earnings Results for the Thirteen Weeks and Thirty Nine Weeks Ended November 1, 2014; Provides Earnings Guidance for the Fourth Quarter of Fiscal 2015; Provides Capital Expenditures Guidance for the Fiscal Year 2015 and 2016; Reports Loss on Impairment of Assets for the Third Quarter Ended November 1, 2014
Dec 4 14
American Eagle Outfitters, Inc. reported unaudited consolidated earnings results for the thirteen weeks and thirty nine weeks ended November 1, 2014. For the thirteen weeks, the company's total net revenue declined slightly to $854 million from $857 million last year. Operating income was $23.083 million against $41.836 million a year ago. Income before income taxes was $23.732 million against $42.356 million a year ago. Net income was $9.035 million against $24.903 million a year ago. Net income per diluted share was $0.05 against $0.13 a year ago. Non-GAAP operating income was $74.303 million or $0.22 per diluted share against $61.152 million or $0.19 per diluted share a year ago. Capital expenditures totaled $64 million.
Fort the thirty nine weeks, the company reported total net revenue of $2,211.014 million against $2,264.095 million a year ago. Operating income was $43.555 million against $117.078 million a year ago. Income before income taxes was $45.740 million against $118.065 million a year ago. Net income was $18.713 million against $72.473 million a year ago. Net income per diluted share was $0.10 against $0.37 a year ago.
Based on a slight decline in revenue and a mid single-digit decline in comparable sales, the company expects fourth quarter of fiscal 2015 EPS to be approximately $0.30 to $0.33 compared to adjusted earnings of $0.27 per diluted share last year. The guidance excludes potential asset impairment and restructuring charges.
For the fiscal year 2015, the company continues to expect capital expenditures of approximately $230 million, primarily related to new and remodeled stores, and the Hazleton distribution center and information technology.
The company continues to expect capital spending to be approximately $150 million in 2016.
For the third quarter ended November 1, 2014, the company reported loss on impairment of assets $33.468 million against $19.316 million a year ago.