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

GMAC urges Cambodia to push fabric-forward rule in RCEP

Apparel/Garments | On 17th Oct 2017

GMAC urges Cambodia to push fabric-forward rule in RCEP

Representatives from the Garment Manufacturers Association of...

Alibaba to invest $15 billion in DAMO Academy for research

Textiles | On 17th Oct 2017

Alibaba to invest $15 billion in DAMO Academy for research

Alibaba will invest $15 billion over the next several years in its...

Pressure on  Indian textiles exporters to ease by Q3: ICRA

Textiles | On 17th Oct 2017

Pressure on Indian textiles exporters to ease by Q3: ICRA

Pressures on the profit and debt levels of textiles exporters is...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

October 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
76.9%
No
13.8%
Skip
9.2%

Total Votes: 65

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.5%
No
27.7%
Skip
10.8%

Total Votes: 65

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
84.6%
No
10.8%
Skip
4.6%

Total Votes: 65

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
73.8%
No
12.3%
Skip
13.8%

Total Votes: 65


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search