American Eagle Outfitters (NYSE:AEO) Soars on Revenues Beat, Strong GuidanceShares of American Eagle Outfitters (NYSE:AEO) are trading 6.3% higher to $18.24 Wednesday after the retailer reported Q4 EPS of $0.33, ex-items, in line with consensus estimates.
Revenues for the quarter rose 7% year-over-year to $972.0 million, topping consensus estimates of $969.3 million.
The company expects Q1 EPS of $0.15 to $0.17, versus consensus estimates of $0.15.
Jim O'Donnell, CEO, commented, "While 2009 began with numerous challenges, I am extremely pleased that we ended the year on a high note, delivering increases in both sales and earnings in the fourth quarter. During the quarter, we were especially pleased with the improvement in the AE brand. Our assortments were stronger, and the price/value offering was more compelling than ever. We will build upon the momentum and maximize the AE brand, continuing to re-capture market share. In 2010, we will focus our efforts and resources on the American Eagle family of brands including AE, aerie and 77 kids, which have the greatest potential. I am confident that we have the potential to realize our goals and position the company for long-term success."