American Eagle Outfitters Provides Fourth Quarter Update, Reiterates EPS Guidance, Announces Participation in the 19th Annual ICR Conference
PITTSBURGH–(BUSINESS WIRE)–American Eagle Outfitters, Inc. (NYSE:AEO) today announced that fourth
quarter comparable sales to date are approximately flat. The company
continues to expect fourth quarter EPS to be within the range of $0.37
to $0.39 per diluted share, consistent with its previous guidance.
Jay Schottenstein, Chief Executive Officer commented, “The holiday sales
season was choppy and highly promotional, but overall, I’m pleased that
we are meeting many of our objectives for the quarter. We had a strong
Thanksgiving shopping period, and despite traffic weakness in the malls
leading into Christmas, our online sales for both American Eagle and
Aerie were strong throughout the season. We remain focused on continuing
to deliver our key merchandise and operational initiatives, and I’m
confident in our prospects as we look ahead to 2017.”
Earnings guidance excludes potential asset impairment and restructuring
charges. The company will release fourth quarter and fiscal 2016 results
on March 1, 2017 and will host a conference call to review financial
results on that date.
ICR Conference
The company also announced that management will present at the 19th
Annual ICR Conference on Tuesday, January 10, 2017 at 10:30 AM EST.
A link to the live webcast will be available on the company’s website,
investors.ae.com at approximately 10:15 AM EST on Tuesday, January 10,
2017.
About American Eagle Outfitters, Inc.
American Eagle Outfitters, Inc. (NYSE: AEO) is a leading global
specialty retailer offering high-quality, on-trend clothing, accessories
and personal care products at affordable prices under its American Eagle
Outfitters® and Aerie® brands. The company operates more than 1,000
stores in the United States, Canada, Mexico, China, Hong Kong and the
United Kingdom, and ships to 81 countries worldwide through its
websites. American Eagle Outfitters and Aerie merchandise also is
available at more than 160 international locations operated by
licensees. For more information, please visit www.ae.com.
“Safe Harbor” Statement under the Private Securities Litigation Reform
Act of 1995: This release contains forward-looking statements, which
represent our expectations or beliefs concerning future events,
including fourth quarter 2016 results. All forward-looking statements
made by the company involve material risks and uncertainties and are
subject to change based on factors beyond the company’s control. Such
factors include, but are not limited to the risk that the company’s
operating, financial and capital plans may not be achieved and the risks
described in the Risk Factor Section of the company’s Form 10-K and Form
10-Q filed with the Securities and Exchange Commission. Accordingly, the
company’s future performance and financial results may differ materially
from those expressed or implied in any such forward-looking statements.
The company does not undertake to publicly update or revise its
forward-looking statements even if future changes make it clear that
projected results expressed or implied will not be realized.
Contacts
American Eagle Outfitters, Inc.
Kristen McGraw, 412-432-3300
