Content about American Eagle Outfitters Inc.

May 22, 2013

American Eagle Q1 profit down but tops Street; to build new DC

American Eagle Outfitters Inc. earned $28 million in its first quarter, down from $39.7 million in the same quarter last year, as cooler weather hurt demand for its spring fashions and some special charges cut into its results.

Pittsburgh -- American Eagle Outfitters Inc. earned $28 million in its first quarter, down from $39.7 million in the same quarter last year, as cooler weather hurt demand for its spring fashions and some special charges cut into its results. But the retailer still beat market expectations.

In related news, American Eagle Outfitters will invest more than $160 million to construct a new direct-to-consumer distribution center in Hazle Township, Pa.

March 6, 2013

American Eagle Q4 profit nearly doubles, but warns of weaker sales ahead

American Eagle Outfitters Inc. reported Wednesday that profit for the quarter ended Feb. 2 soared to $94.8 million from $51.3 million in the year-ago period, aided by few markdowns.

Pittsburgh -- American Eagle Outfitters Inc. reported Wednesday that profit for the quarter ended Feb. 2 soared to $94.8 million from $51.3 million in the year-ago period, aided by few markdowns.

However, the retailer warned that sales will be weak in the first quarter due to economic restrictions and unfavorable weather.

November 28, 2012

American Eagle raises view after strong third quarter

American Eagle Outfitters Inc. reported a higher-than-expected third-quarter profit, helped by strong same-store sales.

Pittsburgh -- American Eagle Outfitters Inc. on Wednesday reported a higher-than-expected third-quarter profit, helped by strong same-store sales. The chain also raised its full-year earnings prompting it to raise its full-year forecast for the second time this year.

Net income for the quarter ended Oct. 27 rose to $78.6 million, from $52.4 million a year ago.

Sales rose 11% to $910 million. Same-store sales jumped 10%.

September 12, 2012

American Eagle sets special dividend

American Eagle Outfitters Inc. said that its board declared a special cash dividend of $1.50 and a regular quarterly dividend of 11 cents.

Pittsburgh -- American Eagle Outfitters Inc. said Wednesday that its board declared a special cash dividend of $1.50 and a regular quarterly dividend of 11 cents.

The retailer said the total cash dividend of $1.61 will be paid on Oct. 10 to shareholders of record as of Sept. 26.

American Eagle said the dividends are part of its cash strategy to invest in the company, while still returning profits to its shareholders.

August 22, 2012

American Eagle Outfitters raises full-year outlook

American Eagle Outfitters Inc. said that its net income fell 4% in the second quarter as the retailer dealt with charges related to the closing of its children’s division, 77kids, which included 22 stores and the online business.

Pittsburgh -- American Eagle Outfitters Inc. said that its net income fell 4% in the second quarter as the retailer dealt with charges related to the closing of its children’s division, 77kids, which included 22 stores and the online business. But its adjusted results met analysts' estimates, and the company raised its full-year outlook.

For the second quarter that ended July 28, American Eagle earned $19.03 million, compared with $19.7 million last year.

August 1, 2012

American Eagle Outfitters raises Q2 earnings outlook

American Eagle Outfitters Inc. said it was raising its second quarter earnings outlook because of stronger-than-expected sales.

New York -- American Eagle Outfitters Inc. said Wednesday it was raising its second quarter earnings outlook because of stronger-than-expected sales.

The specialty retailer expects adjusted second-quarter earnings of 19 cents to 21 cents a share, compared with its previous estimate of 13 cents to 15 cents a share.

January 23, 2012

New CEO set to take reins of American Eagle Outfitters

As was previously announced, American Eagle Outfitters Inc. longtime chief executive James O'Donnell will step down Saturday and be replaced by former Levi's executive Robert Hanson.

New York City -- As was previously announced, American Eagle Outfitters Inc. longtime chief executive James O'Donnell will step down Saturday and be replaced by former Levi's executive Robert Hanson.

O'Donnell, 70, said early last year he planned to retire. Hanson was named as his successor in November.

In addition, Jay Schottenstein, non-executive chairman, has become executive chairman.

November 30, 2011

American Eagle Outfitters Q3 profit up 59%

American Eagle Outfitters Inc. reported that its third-quarter net income increased 59%, helped by a year-ago charge.

Pittsburgh -- American Eagle Outfitters Inc. reported that its third-quarter net income increased 59%, helped by a year-ago charge. The chain posted fourth-quarter guidance that was above Wall Street expectations.

For the August-October quarter, the company said net income was $52.4 million, compared with $33 million in the same period last year. Analysts expected 26 cents per share.

Revenue rose 11% to $831.8 million, from $751.5 million last year. Analysts expected $820.3 million. Same-store sales rose 5%, as did online revenue.

November 23, 2011

Incoming Class

The new year will see a changing of the guard in the chief executive’s office of several big retailers. Here are four to watch:

Costco
The torch has been passed at Costco Wholesale Corp., with president and COO Craig Jelinek stepping into the very big shoes of the company’s longtime chief executive and co-founder Jim Sinegal (effective January 1, 2012).

March 9, 2011

American Eagle earnings up, CEO to retire

American Eagle Outfitters Inc. officially announced the retirement of its chief executive officer. The chain, which has seen its seen sales falter of late, also posted a 47% rise in profits for the fourth quarter on cost-cutting.

New York -- American Eagle Outfitters Inc. officially announced the retirement of its chief executive officer. The chain, which has seen its seen sales falter of late, also posted a 47% rise in profits for the fourth quarter on cost-cutting.

American Eagle said its CEO James O'Donnell, 70, will stay with the retailer until a successor is chosen and will work through the transition period. O'Donnell started with American Eagle as its COO in 2000. He became co-CEO in 2002 and CEO in 2003.

January 14, 2009

American Eagle Adds Creative Director Post

American Eagle Outfitters announced Thursday that Roger Markfield, former chief merchandising officer/co-CEO of AEO and...

November 5, 2008

Specialty Apparel Retailers Post Weak Sales, With Some Exceptions

The nation’s specialty apparel retailers took a beating in October, as consumers continue to cut...

July 15, 2008

American Eagle Wins Injunction Against Payless

American Eagle Outfitters announced Wednesday that it has won a preliminary injunction against Payless ShoeSource,...

May 8, 2008

American Eagle Outfitters CEO Takes Pay Cut in 2007

The CEO of American Eagle Outfitters Inc. received a 7.6% cut in compensation for 2007...