American Eagle (AEO) reported earnings on Wed 4 Sept 19 (b/o)

** charts before earnings **

 

** charts after earnings **

American Eagle beats by $0.07, beats on revs; guides Q3 EPS below consensus; Q2 comps +2%

Reports Q2 (Jul) earnings of $0.39 per share, excluding non-recurring items, $0.07 better than the S&P Capital IQ Consensus of $0.32; revenues rose 7.9% year/year to $1.04 bln vs the $1 bln S&P Capital IQ Consensus.

Consolidated comparable sales increased 2%, following a 9% comparable sales increase last year (guidance called for low single digit increase in comps.) By brand, American Eagle's comparable sales decreased 1%, following a 7% increase last year. Aerie's comparable sales increased 16%, building on a 27% increase last year and marking the 19th consecutive quarter of double-digit growth. 

Co issues downside guidance for Q3, sees EPS of $0.47-0.49, excluding non-recurring items, vs. $0.52 S&P Capital IQ Consensus. Guidance is based on an Q3 anticipated comparable sales increase in the low to mid single digits.