American Eagle Outfitters, Inc. (AEO) reported that its first-quarter net income declined to $27.98 million or $0.14 per share, from $39.70 million or $0.20 per share in the year ago quarter. The latest-quarter GAAP earnings per share included asset write-offs and corporate charges of $0.04 per share.
Adjusted earnings from continuing operations for the quarter were $0.18 per share, compared to $0.22 per share for the comparable quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.17 per share for the quarter. Analysts' estimates typically exclude special items.
Total net revenues for the quarter slip to $679.48 million from $708.70million in the prior year quarter. Twenty three analysts had consensus revenue estimate of $678.41 million for the quarter. Consolidated comparable sales, including AEO Direct, decreased 5%, compared to a 17% increase last year.
The company expects second quarter earnings per share to be in the range of $0.19 to $0.21, and flat comparable sales. Analysts expects the company to report earnings of $0.24 per share for the second-quarter.
For fiscal 2013, earnings per share guidance is $1.42 to $1.45, based on second half comparable sales growth in the low-single digits. Analysts expect the company to report earnings of $1.49 per share for fiscal 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.