Home / Knowledge / News / Apparel/Garments / American Eagle declares dividend of $0.125 per share
American Eagle declares dividend of $0.125 per share
03
Sep '14
American Eagle Outfitters, Inc., a global specialty retailer offering on-trend clothing and accessories, has announced a quarterly cash dividend of US$ 0.125 per share, marking the company’s 41st consecutive quarterly dividend.
 
The $0.125 dividend is payable on October 15, 2014 to stockholders of record at the close of business on October 1, 2014, the company said in a statement.
 
In the second quarter ending August 2, 2014, net revenue at American Eagle Outfitters fell 2 percent to $711 million from $727 million in the comparable second quarter of 2013. Sales from new store growth in the second quarter of 2014 nearly offset the decline in comparable sales which fell 7 percent from a year ago period.
 
Gross profit declined 3 percent year-on-year in the quarter under review to $238 million and declined 40 basis points to 33.4 percent as a rate to revenue.
 
Operating income fell 59 percent to $12 million in the quarter under review, while operating margin declined 240 basis points to 1.7 percent.
 
In the second quarter of 2014, American Eagle reported earnings per share of $0.03 compared to earnings per share of $0.10, a year earlier.
 
Total merchandise inventories at the end of the second quarter of 2014 decreased 15 percent to $393 million compared to $461 million last year. At cost per foot, inventory dipped 18 percent.
 
According to American Eagle, inventories reflect a change to ownership terms completed late last year, as it began taking ownership of inventory at the receiving port rather than the port of departure. Excluding the change in terms, inventory at cost per foot decreased in the mid single-digits and clearance units were well below last year. It said that in the third quarter of 2014, ending inventory at cost per foot is expected to decline in the low double-digits, or mid single-digits excluding the change in ownership terms.
 
Based on a mid single-digit decline in comparable sales, American Eagle expects third quarter EPS to be approximately $0.17 to $0.19 compared to adjusted earnings of $0.19 per diluted share last year. The guidance excludes potential asset impairment and restructuring charges.
 
American Eagle operates more than 1,000 stores in the United States, Canada, Mexico, China, and Hong Kong, and ships to 81 countries worldwide through its websites. (RKS)
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: VF Corporation

Apparel/Garments | On 5th May 2016

VF Corp’s Q1 2016 revenue up 2% to $2.8 billion

VF Corporation reported a rise of 2 per cent in its total revenue to...

Textiles | On 5th May 2016

Brazilian cotton prices rise nearly 10% in April

Firm demand, decrease in supply from important cotton growing...

Apparel/Garments | On 5th May 2016

Kishore Biyani named Future Retail’s vice-chairman

Future Retail has appointed its Independent Director VK Chopra as...

Interviews View All

Humayun Kabir Salim
Dird Composite Textile Ltd

The importance of textile industry in the economy of Bangladesh is very...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

What is the influence of foreign trends and designs on Indian fashion?

C Kamatchisundaram
Voltas Textile Machinery Division

How the demand for textile machines in India? How is the gap between...

Johan Berlin
InvestKonsult Sweden AB

<i><b>Investkonsult Sweden AB has been buying and selling second-hand...

Mr. Dave Hill
Technical Absorbents (TAL)

An honours graduate in Chemistry, Dave Hill began his career working for...

Tapas Nandi
ITEMA Weaving (I) Pvt. Ltd

Tapas Nandi is President of ITEMA Weaving (India) Private Limited. He has...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


feedback
We would love to hear from you about your experience using the new interface. A quick review of yours would help us give you a better experience.
Advanced Search