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MarketScreener Homepage  >  Equities  >  Nyse  >  American Eagle Outfitters, Inc.    AEO

AMERICAN EAGLE OUTFITTERS, INC.

(AEO)
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American Eagle posts 3% quarterly sales decline on pandemic hit

11/24/2020 | 04:28pm EST
Jeans are seen for sale in an American Eagle Outfitters retail store in Manhattan, New York

(Reuters) - American Eagle Outfitters Inc reported an about 3% fall in third-quarter revenue on Tuesday, as store traffic slumped due to the COVID-19 pandemic.

The teen apparel retailer has been struggling with weak demand for its denim apparel from customers staying at home due to the health crisis and a back-to-school season hampered by students turning to online classes.

Revenue at the American Eagle label fell 11% during the quarter ended Oct. 31, while the Aerie brand recorded a revenue jump of 34%.

Total revenue fell to $1.03 billion, from $1.07 billion a year earlier.

Net income attributable to the company fell to $58.1 million, or 32 cents per share, from $80.76 million, or 48 cents per share.

Excluding one-time items, the company earned a profit of 35 cents per share in the quarter. Analysts had projected a profit of 34 cents per share, according to IBES data from Refinitiv.

Shares of the Pittsburgh-based retailer were down about 3% in aftermarket trade.

(Reporting by Aditi Sebastian; Editing by Amy Caren Daniel and Sriraj Kalluvila)


© Reuters 2020
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Financials (USD)
Sales 2021 3 783 M - -
Net income 2021 -152 M - -
Net cash 2021 809 M - -
P/E ratio 2021 -24,6x
Yield 2021 -
Capitalization 3 787 M 3 787 M -
EV / Sales 2021 0,79x
EV / Sales 2022 0,68x
Nbr of Employees 27 000
Free-Float 61,9%
Chart AMERICAN EAGLE OUTFITTERS, INC.
Duration : Period :
American Eagle Outfitters, Inc. Technical Analysis Chart | AEO | US02553E1064 | MarketScreener
Technical analysis trends AMERICAN EAGLE OUTFITTERS, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 21,73 $
Last Close Price 22,79 $
Spread / Highest target 22,9%
Spread / Average Target -4,64%
Spread / Lowest Target -25,4%
EPS Revisions
Managers and Directors
NameTitle
Jay L. Schottenstein Executive Chairman & Chief Executive Officer
Michael R. Rempell Chief Operations Officer & Executive VP
Michael A. Mathias Chief Financial Officer & Executive Vice President
Janice E. Page Independent Director
Cary D. McMillan Independent Director
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