Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

AMERICAN EAGLE OUTFITTERS, INC.

(AEO)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

American Eagle posts 3% quarterly sales decline on pandemic hit

11/24/2020 | 04:26pm EST

Nov 24 (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
All news about AMERICAN EAGLE OUTFITTERS, INC.
01/25MORNING BREW : Aerie Expects to Reach $2 Billion in Sales by 2023—Here's H..
PU
01/25AMERICAN EAGLE OUTFITTERS : RBC Upgrades American Eagle Outfitters to Outperform..
MT
01/22AMERICAN EAGLE OUTFITTERS : JP Morgan Adjusts American Eagle Outfitters' Price T..
MT
01/22AMERICAN EAGLE OUTFITTERS : Morgan Stanley Adjusts American Eagle Outfitters' Pr..
MT
01/22AMERICAN EAGLE OUTFITTERS : Barclays Adjusts Price Target on American Eagle Outf..
MT
01/22AMERICAN EAGLE OUTFITTERS : Jefferies Adjusts Price Target on American Eagle Out..
MT
01/22AMERICAN EAGLE OUTFITTERS : BMO Capital Adjusts Price Target on American Eagle O..
MT
01/22WSJ : American Eagle Outfitters CFO Seeks to Provide Investors With Additional I..
PU
01/22AMERICAN EAGLE OUTFITTERS : UBS Adjusts Price Target on American Eagle Outfitter..
MT
01/22AMERICAN EAGLE OUTFITTERS : Deutsche Bank Adjusts Price Target on American Eagle..
MT
More news
Financials (USD)
Sales 2021 3 745 M - -
Net income 2021 -141 M - -
Net cash 2021 827 M - -
P/E ratio 2021 -29,9x
Yield 2021 -
Capitalization 3 947 M 3 947 M -
EV / Sales 2021 0,83x
EV / Sales 2022 0,71x
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 14
Average target price 26,79 $
Last Close Price 23,75 $
Spread / Highest target 26,3%
Spread / Average Target 12,8%
Spread / Lowest Target -24,2%
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
Sector and Competitors
1st jan.Capitalization (M$)
AMERICAN EAGLE OUTFITTERS, INC.18.34%3 947
INDUSTRIA DE DISEÑO TEXTIL, S.A.-3.76%94 940
FAST RETAILING CO., LTD.1.65%90 261
KERING SA-8.19%82 890
ROSS STORES, INC.-7.55%39 803
HENNES & MAURITZ AB3.46%35 508