American Eagle Outfitters Inc.(AEO) reported that consolidated comparable store sales for the month of January increased 10%, compared to a 22% decrease for the same period last year. Total sales increased 18% to $163.5 million, from $138.9 million in the prior year period.
Total sales for the fourth-quarter increased 7% to $972.0 million, from $905.7 million in the year ago quarter. Comparable store sales increased 5% for the quarter compared a 16% decrease for the same period last year.
The company is updating its fourth quarter earnings guidance to $0.32 - $0.33 per share. This guidance excludes potential investment security or store impairment charges. Previous fourth quarter earnings guidance was $0.30 to $0.32 per diluted share. Analysts polled by Thomson Reuters expect the company to report earnings of $0.32 per share for the quarter. Analysts' estimates typically exclude special items.
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