American Eagle Outfitters, Inc. reported adjusted earnings of $0.27 per share for the 13 week period ended February 1, 2014, compared to adjusted earnings of $0.55 per share for the 14 week period ended February 2, 2013. GAAP earnings of $0.05 per share include non-GAAP charges of ($0.22) per share, which are outlined in the accompanying GAAP to Non-GAAP reconciliations. This compares to GAAP earnings of $0.47 per share last year.
American Eagle Outfitters, Inc. reported adjusted earnings of $0.27 per share for the 13 week period ended February 1, 2014, compared to adjusted #
The company also announced adjusted earnings of $0.74 per share for the 52 week period ended February 1, 2014, compared to adjusted earnings from continuing operations of $1.39 per share for the 53 week period ended February 2, 2013.
American Eagle Outfitters, Inc. reported adjusted earnings of $0.27 per share for the 13 week period ended February 1, 2014, compared to adjusted #
GAAP earnings of $0.43 per share include non-GAAP charges of ($0.31) per share, which are outlined in the accompanying GAAP to Non-GAAP reconciliations. This compares to GAAP earnings from continuing operations of $1.32 per share last year. The EPS figures refer to diluted earnings per share.
American Eagle Outfitters, Inc. reported adjusted earnings of $0.27 per share for the 13 week period ended February 1, 2014, compared to adjusted #
Jay Schottenstein, Interim CEO stated, “The Company’s results in 2013 were highly disappointing. While tough macro conditions have persisted in our retail sector, our merchandise and overall customer experience fell short of expectations.
American Eagle Outfitters, Inc. reported adjusted earnings of $0.27 per share for the 13 week period ended February 1, 2014, compared to adjusted #
We’re taking steps to bring greater focus and excitement to our product offering and better engage our core customers. Our brands remain incredibly strong and I’m confident in our ability to execute the strategic plan and resume long-term profitable growth.”
American Eagle Outfitters, Inc. reported adjusted earnings of $0.27 per share for the 13 week period ended February 1, 2014, compared to adjusted #
The following discussion is based on Non-GAAP results, which exclude the adjustments presented in the accompanying GAAP to Non-GAAP reconciliations.
American Eagle Outfitters, Inc. reported adjusted earnings of $0.27 per share for the 13 week period ended February 1, 2014, compared to adjusted #
Fourth Quarter 2013 Non-GAAP Results
Total net revenue for the 13 weeks decreased 7% to $1.04 billion from $1.12 billion for the 14 week period last year. Consolidated comparable sales for the 13 weeks decreased 7% over the same 13 week period last year. This follows a 4% comparable sales increase last year.
American Eagle Outfitters, Inc. reported adjusted earnings of $0.27 per share for the 13 week period ended February 1, 2014, compared to adjusted #
Gross profit decreased 28% to $332 million and decreased 930 basis points to 31.9% as a rate to revenue. The decrease was primarily the result of increased promotional activity and the deleverage of rent on negative comparable sales.
American Eagle Outfitters, Inc. reported adjusted earnings of $0.27 per share for the 13 week period ended February 1, 2014, compared to adjusted #
Selling, general and administrative expense of $216 million decreased 15% and leveraged 190 basis points to 20.7% as a rate to revenue. Lower incentive costs and a planned reduction in advertising drove the majority of the decline.
American Eagle Outfitters, Inc. reported adjusted earnings of $0.27 per share for the 13 week period ended February 1, 2014, compared to adjusted #
Operating income decreased 52% to $86 million. The operating margin decreased 770 basis points to 8.2%.
American Eagle Outfitters, Inc. reported adjusted earnings of $0.27 per share for the 13 week period ended February 1, 2014, compared to adjusted #
Adjusted EPS of $0.27 compares to $0.55 last year, a 51% decrease.