American Eagle Outfitters Q1 Adj. EPS $0.17, Inline, Sales $1.08B Beat $1.07B Estimate
Portfolio Pulse from Benzinga Newsdesk
American Eagle Outfitters (AEO) reported Q1 earnings of $0.09 per share, missing the $0.17 estimate, and sales of $1.08B, beating the $1.07B estimate. This represents a 43.75% decrease in earnings and a 2.37% increase in sales compared to last year.
May 24, 2023 | 8:18 pm
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AEO's Q1 earnings missed estimates by 47.06% at $0.09 per share, while sales beat estimates by 0.93% at $1.08B. Earnings decreased by 43.75% and sales increased by 2.37% YoY.
AEO's Q1 earnings missed analyst estimates by a significant margin, which could negatively impact the stock price in the short term. However, the company did report a slight increase in sales, which may partially offset the negative impact of the earnings miss.
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IMPORTANCE 80
RELEVANCE 100