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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (70599)9/7/2022 7:55:51 PM
From: E_K_S  Read Replies (1) of 78744
 
Re: American Eagle Outfitters (AEO)

Lucky I closed out my small position last week w/ slowing economy. AEO reported poor earnings AH and eliminated their dividend. Probably one of many of the retailers that may/could see the slowing sales.

AEO Inc. Reports Second Quarter 2022 Results. Expanding Actions To Strengthen Financial Performance

“This is an unprecedented time in retail. As we cycle exceptional demand from last year, a tougher macro environment is impacting consumer spending behavior. Second quarter performance reflected these challenges, constraining revenue and amplifying margin pressure as we fully cleared through excess spring and summer goods,” commented Jay Schottenstein, AEO’s Executive Chairman of the Board and Chief Executive Officer.
Zacks Equity Research: American Eagle Outfitters (AEO) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.60 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -69.23%. A quarter ago, it was expected that this teen clothing retailer would post earnings of $0.24 per share when it actually produced earnings of $0.16, delivering a surprise of -33.33%.

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AEO -15.36% AH

$9.81 -1.78 (-15.36%)
Bid: $9.75 Ask: $9.95
Volume: 8,716,446
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