×
32 822
Fashion Jobs
NORDSTROM
Loss Prevention Agent Orchard Corners Rack
Permanent · Lenexa
NORDSTROM INC
District Asset Protection Manager - Nyc
Permanent · New York
NORDSTROM
Loss Prevention Agent South Towne Rack
Permanent · Sandy
NORDSTROM
Loss Prevention Security Ambassador Southpark
Permanent · Charlotte
NORDSTROM INC
Security Ambassador 1
Permanent · Oklahoma City
NORDSTROM
Asset Prevention Security Ambassador Palladio Rack
Permanent · Folsom
NORDSTROM
Loss Prevention Security Ambassador City Creek Center
Permanent · Salt Lake City
NORDSTROM
Loss Prevention Asset Protection City Creek Center
Permanent · Salt Lake City
NORDSTROM INC
HR Business Partner - Supply Chain (San Bernadino Fulfillment Center)
Permanent · San Bernardino
COTY
Global Marketing Manager, Calvin Klein
Permanent · New York
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Hamilton Township
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Surprise
L'OREAL GROUP
Packaging Operator ii- up1
Permanent · North Little Rock
MARSHALLS
Loss Prevention Detective - Westwood, ma
Permanent · Westwood
MARSHALLS
lp Detective - Marshalls Greenbelt, md
Permanent · Greenbelt
MARSHALLS
lp Detective - Marshalls Silver Spring, md
Permanent · Silver Spring
VICTORIA'S SECRET
Brand Operations Manager-The Streets of Indian Lake
Permanent · Hendersonville
VICTORIA'S SECRET
Brand Operations Manager-Eastview
Permanent · Victor
VICTORIA'S SECRET
Digital Product Owner
Permanent · Reynoldsburg
ROSS STORES
Store Protection Specialist
Permanent · El Paso
ROSS STORES
Store Protection Specialist
Permanent · Las Vegas
ROSS STORES
Store Protection Specialist
Permanent · Stuart
By
Reuters
Published
Mar 4, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

American Eagle expects best first-quarter sales in three years on Aerie strength

By
Reuters
Published
Mar 4, 2021

American Eagle Outfitters said on Wednesday it expects current-quarter revenue and operating income to surpass last two years’ numbers, betting on high-growth brand Aerie that sells work-from-home favorites lingerie and loungewear.


Instagram: @aerie


Shares of the Pittsburgh-based apparel retailer rose more than 5% in after market trade, as the company also beat Wall Street expectations for fourth-quarter revenue and profit.

“We’re seeing really good signs in terms of where we’re headed for the quarter,” Chief Executive Jay Schottenstein told analysts.

The apparel retailer has been doubling down on investments in its Aerie brand, which includes comfortable leggings and bralettes, opening new stores and boosting its digital business.

American Eagle is also closing some of its underperforming stores and moving away from malls, where traffic has been thinning, and will open new stand-alone stores. The company plans to open 50 Aerie stores this year.

For the fourth quarter ended Jan. 30, Aerie recorded a 25% rise in revenue from a year earlier, while digital revenue for the retailer surged 35%.

“Aerie had an exceptional 2020....and (we) see significant future runway,” Schottenstein said.
The company forecast higher spending for fiscal 2021, as it plans investments in supply chain to ensure fast delivery and online features for the convenience of shoppers.

It expects annual capital expenditure to be in the range of $250 million to $275 million, up from $128 million in 2020.

For the fourth quarter, total net revenue fell about 2% to $1.29 billion, beating analysts’ average expectation of $1.28 billion, according to Refinitiv estimates.

Excluding one-time items, the company earned a profit of 39 cents per share, beating estimates of 36 cents.

Holiday-quarter earnings, however, fell about 25%, weighed by underperforming stores and a charge of $103 million due to pandemic-related expenses.

© Thomson Reuters 2021 All rights reserved.