American Eagle Q3 revenue slips 1% as GAAP EPS falls to $0.41 from $0.49
American Eagle Outfitters reported third-quarter fiscal 2024 results for the 13 weeks ended November 2, 2024. Total net revenue fell 1% to $1.3 billion and GAAP diluted earnings per share fell to $0.41 from $0.49, while total comparable sales rose 3%. The company updated its annual outlook, now projecting fiscal 2024 adjusted operating income of $428 million to $433 million, and it expects fourth-quarter total revenue to fall 4%.
- Total net revenue of $1,289 million fell 1% from $1,301 million; total comparable sales rose 3%.
- GAAP operating income was $106 million versus $125 million a year earlier; adjusted operating income was $124 million.
- Fourth-quarter operating income is expected at $125 million to $130 million, with total revenue down 4%.
- Fiscal 2024 adjusted operating income is expected at $428 million to $433 million, compared with $375 million in 2023.