American Eagle Outfitters Inc. turned in revenue beneficial properties for the fourth quarter, however — like different retailers — tiptoed into the brand new fiscal 12 months amid slower client demand.
Internet revenue for the fourth quarter jumped to $104.3 million, or 54 cents a diluted share, from $6.3 million, or 3 cents, a 12 months earlier, when $131 million impairment and restructuring costs dragged down outcomes.
Earnings per share for the quarter got here in 3 cents forward of the 51 cents analysts forecast, based on Yahoo Finance.
And revenues for the three months ended Feb. 1 slipped 4.4 p.c to $1.6 billion from $1.7 billion a 12 months earlier, with an additional week within the year-ago interval skewing outcomes.
On a comparable foundation, which components out that week, gross sales rose 3 p.c, constructing on 8 p.c comp progress a 12 months earlier. That bump-up for the quarter included a 6 p.c comp enhance from the Aerie division and a 1 p.c comp achieve on the American Eagle enterprise.
Jay Schottenstein, the corporate’s government chairman and chief government officer, stated the corporate has been making headway on its Powering Worthwhile Progress strategic plan.
“The staff delivered robust working revenue progress with optimistic momentum throughout our manufacturers and channels in addition to disciplined expense administration and working efficiencies,” Schottenstein stated in an announcement.
For the complete 12 months, AEO’s revenues elevated 1.3 p.c to $5.33 billion from $5.26 billion.
However this 12 months, the corporate is searching for a low-single digit decline on the highest line.
“Coming into 2025, the primary quarter is off to a slower begin than anticipated, reflecting much less sturdy demand and colder climate,” Schottenstein stated. “Whereas we anticipate enchancment because the spring season will get underway, we’re additionally taking proactive steps to strengthen the highest line, handle stock and cut back bills. As we navigate via an unsure client and working panorama, we may even stay centered on our long-term strategic priorities.”
On Wall Avenue — the place merchants are nonetheless attempting to gauge the patron temper, the financial outlook and the affect of President Donald Trump’s commerce wars — buyers had been cautious.
Shares of AEO fell 4.9 p.c to $10.89 in after-hours buying and selling on Wednesday.
