{"id":42378,"date":"2013-03-07T03:14:00","date_gmt":"2013-03-07T03:14:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/american-eagle-outfitters-q1-outlook-disappoints-the-street-aeo\/42377\/"},"modified":"2013-03-07T03:14:00","modified_gmt":"2013-03-07T03:14:00","slug":"american-eagle-outfitters-q1-outlook-disappoints-the-street-aeo","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/american-eagle-outfitters-q1-outlook-disappoints-the-street-aeo\/42378\/","title":{"rendered":"American Eagle Outfitter\u2019s Q1 Outlook Disappoints the Street (AEO)"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=AEO\" target=\"_blank\" rel=\"noopener\">NYSE: AEO<\/a>) slumped on Wednesday as adjusted earnings\u00a0 fell short marginally short of Street\u2019s estimation while guidance on the current quarter also disappointed investors.<\/p>\n<p><span id=\"more-42378\"><\/span><\/p>\n<p>For the fiscal fourth quarter ended February 2, American Eagle Outfitters reported net income of $94.8 million, or 47 cents a share, compared to profit of $51.3 million, or 26 cents per share, in the same period of last year. In the year earlier quarter, the Company suffered a loss of $9.1 million from discontinued operations.<\/p>\n<p>Stripping out onetime items such as restructuring costs and tax benefits, earnings climbed to 55 cents a share, falling short of analysts\u2019 forecast by a penny, according to a data compiled by FactSet Research.<\/p>\n<p>Revenue during the period jumped 9% to $1.12 billion from $1.03 billion, which was in-line with analysts\u2019 estimation.<\/p>\n<p>Same-store-sales, a key gauge on retailer\u2019s performance since it excludes sales impact of those stores that were closed down or opened less than 12 month period, climbed 4%.<\/p>\n<p>Total inventories level shrank 10% to $332 million in the recently concluded quarter.<\/p>\n<p>For the full-year, net income came at $232.1 million or $1.16 a share, up from $151.7 million or 77 cents a share, in the same quarter of last year. Full year revenue climbed 12% to $3.48 billion from $3.12 billion. Declining inventories level and lesser number of marked downs helped boosting profits, the Company said.<\/p>\n<p>For the current quarter, American Eagle Outfitters expects earnings to be in the range of 16 cents to 19 cents a share, falling short of analysts\u2019 estimate of 25 cents a share.<\/p>\n<p>Unfavorable economic environment (hike in payroll taxes, delay in tax refunds, and bad weather) all impacted sales in February, the Company said.<\/p>\n<div class=\"nr_clear\"><\/div>\n<div id=\"nrelate_popular_2\" class=\"nrelate nrelate_popular nrelate_default nr_1col nr_text\"><\/div>\n<p>\t<!--[if IE 6]>\n\t\t<script type=\"text\/javascript\">jQuery('.nrelate_default').removeClass('nrelate_default');<\/script>\n\t<![endif]--><\/p>\n<p>\t<script type=\"text\/javascript\">\n\t\/* <![CDATA[ *\/\n\t\tnRelate.domain = \"www2.thestockmarketwatch.com%2Fstock-market-news\";\n\t\tvar entity_decoded_nr_mp_url = jQuery('<span\/>').html(\"https:\/\/web.archive.org\/web\/20130310041821\/http:\/\/api.nrelate.com\/mpw_wp\/0.51.4\/?tag=nrelate_popular&domain=www2.thestockmarketwatch.com%2Fstock-market-news&url=http%3A%2F%2Fwww2.thestockmarketwatch.com%2Fstock-market-news%2Famerican-eagle-outfitters-q1-outlook-disappoints-the-street-aeo%2F42378&nr_div_number=2&maxageposts=7200&increment=1\").text();\n\t\tnRelate.getNrelatePosts(entity_decoded_nr_mp_url);\n\t\/* ]]&gt; *\/\n\t<\/script>\n\n\n<div class=\"nr_clear\"><\/div>\n\n\n<script id=\"mNCC\" language=\"javascript\">  medianet_width='600';  medianet_height= '250';  medianet_crid='814932888';  <\/script>  <script id=\"mNSC\" src=\"https:\/\/web.archive.org\/web\/20130310041821js_\/http:\/\/contextual.media.net\/nmedianet.js?cid=8CUT71M67\" language=\"javascript\"><\/script> \n\n\n\n\n<!-- AddThis Button BEGIN -->\n\n\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a>\n<a class=\"addthis_button_preferred_2\"><\/a>\n<a class=\"addthis_button_preferred_3\"><\/a>\n<a class=\"addthis_button_preferred_4\"><\/a>\n<a class=\"addthis_button_compact\"><\/a>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n\n\n<script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script>\n<!-- AddThis Button END -->\n\n\n\n\n<p>More Posts by this author<\/p>\n\n\n\n<ul>\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/ann-incs-q4-earnings-beat-estimate-share-rally-ann\/42469\">\nAnn Inc\u2019s Q4 Earnings Beat Estimate, Share Rally (ANN)<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/mcdonalds-reports-less-than-feared-drop-in-same-store-sales-mcd\/42467\">\nMcDonald\u2019s Reports Less Than Feared Drop in Same-Store Sales (MCD)<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-end-higher-dow-jones-closes-at-yet-another-record-high\/42465\">\nStocks End Higher; Dow Jones Closes at Yet Another Record High<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-edge-higher-silver-prices-also-gain-21\/42462\">\nGold Prices Edge Higher; Silver Prices also Gain<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/u-s-stocks-held-modest-gains-european-equities-close-higher\/42457\">\nU.S. Stocks Held Modest Gains, European Equities Close Higher<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/forex-market-update-dollar-slips-against-euro-edges-higher-against-yen\/42453\">\nForex Market Update: Dollar Slips Against Euro; Edges Higher Against Yen<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/u-s-stocks-edge-higher-dow-jones-extends-all-time-high-level\/42450\">\nU.S. Stocks Edge Higher, Dow Jones Extends All-Time-High Level<\/a><\/li>\n\n\n\n<\/ul>\n\n\n\n\n\n\n<hr>\n\n\n\n\n\n<table style=\"border:none;margin:0;\">\n\n\n<tr>\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20130310041821im_\/http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/userphoto\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n\n\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n\n\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n\n\n\n\n<div style=\"font-size:10pt;\">\n\nEd Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/div>\n\n\n<\/td>\n\n<\/tr>\n\n<\/table>\n\n\n\n\n\n\n\n<!--script type=\"text\/javascript\">\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\n<\/script>\n<script type=\"text\/javascript\"\nsrc=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script-->\n\n\t\t\t\t\t\t\n\n\t\n\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NYSE: AEO) slumped on Wednesday as adjusted earnings\u00a0 fell short marginally short of Street\u2019s estimation while guidance on the current [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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