85 570
Fashion Jobs
TREK
Service Manager
Permanent · CENTERVILLE
ESTÉE LAUDER COMPANIES
Keyholder - The Cosmetics Company Store - 12 Hrs - Fashion Outlets Niagara Falls - Niagara Falls, NY
Permanent · NIAGARA FALLS
ESTÉE LAUDER COMPANIES
Keyholder - The Cosmetics Company Store - 20hrs - Tejon - Arvin, CA
Permanent · ARVIN
ESTÉE LAUDER COMPANIES
Keyholder - The Cosmetics Company Store - 20hrs - Tanger Outlet Center Midway - Rehoboth Beach, de
Permanent · REHOBOTH BEACH
AVEDA
Keyholder - Aveda - 25 Hrs - Kenwood - Cincinnati, OH
Permanent · CINCINNATI
MACY'S
Asset Protection Detective, FT Myers - Full Time
Permanent · FORT MYERS
MACY'S
Fulfillment Associate, Portland - Full Time (2550)
Permanent · PORTLAND
MACY'S
Asset Protection Detective, Roosevelt - Full Time
Permanent · PHILADELPHIA
MACY'S
Asset Protection Security Guard, Center City - Flex
Permanent · PHILADELPHIA
MACY'S
Asset Protection Security Guard, Center City - Part Time
Permanent · PHILADELPHIA
MACY'S
Asset Protection Detective, Market Place - Full Time
Permanent · CHAMPAIGN
MACY'S
Asset Protection Detective, Barton Creek Square Mall - Part Time
Permanent · AUSTIN
MOVADO GROUP
District Manager
Permanent ·
STAND OUT FOR GOOD
Brand Rep (Sales Associate)
Permanent · EAST RUTHERFORD
UNIVERSITY OF NORTH FLORIDA
Apex Accelerator Coordinator
Permanent · JACKSONVILLE
JCPENNEY
Asset Protection Associate - Patrick Henry Mall
Permanent · NEWPORT NEWS
RALPH LAUREN
Sales Professional Part Time-2
Permanent · OAK BROOK
RALPH LAUREN
Associate Manager
Permanent · JOHNSON CREEK
ADIDAS
Project Manager
Permanent · PORTLAND
ADIDAS
Sales Director
Permanent · TAMPA
LEE
PT Keyholder
Permanent · GRAPEVINE
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · WALPOLE
Published
Nov 23, 2022
Reading time
2 minutes
Download
Download the article
Print
Text size

American Eagle quarterly sales beat estimates, profits slashed

Published
Nov 23, 2022

American Eagle Outfitters (AEO) Inc on Tuesday beat Wall Street estimates for quarterly revenue, as shoppers returned to work and social events post-pandemic, lifting spending on its jeans and dresses, despite rising inflation.


Aerie


The company's net revenue fell to $1.24 billion in the third quarter from $1.27 billion a year earlier.

According to a Reuters report, analysts had expected revenue of $1.21 billion, according to IBES data from Refinitiv.

Brand revenue declined 5%, better than the company’s expectation for a high single digit decline, while Aerie revenue of $350 million rose 11%. American Eagle revenue of $838 million declined 11%.

Net income was slashed to $81.3 million, from $152.2 million in the prior-year quarter.  ​Operating income totalled $118 million, reflecting a 9.5% margin. This included an approximately $10 million loss from Quiet Platforms, said the company.

​“I’m pleased to deliver a third quarter that exceeded our expectations, with profit margins meaningfully improved from the first half of the year. Bold actions to rationalize inventory and reduce expenses are paying off,” said Jay Schottenstein, AEO executive chairman and chief executive officer.

“As we navigate the current macro environment, we remain focused on our strategic initiatives — leading with innovation and judiciously investing in capabilities that will differentiate us in the long-run. Our organization is strong and I have tremendous confidence in the resilience of our brands. We are excited about upcoming merchandise collections and look forward to delivering an exceptional customer experience across brands and channels this holiday season."

​For the fourth quarter, the company said it is guiding brand revenue down in the mid single digits, and expects brand comps to be consistent with the third quarter. ​
 

Copyright © 2024 FashionNetwork.com All rights reserved.