American Eagle Outfitters, Inc.NYSE
Wed, Nov. 30, 12:45 PM
Wed, Nov. 30, 11:02 AM
- The trouble at American Eagle Outfitters (AEO -13.4%) is tied very closely to slow traffic at malls in the U.S.
- AEO execs said during today's conference call that Q3 traffic was down low-single digits in A malls and in a mid to high-single digit range at B and C malls.
- The weak holiday quarter guidance from American Eagle has contributed to share price falls for Buckle (BKE -1.2%), Abercrombie & Fitch (ANF -3.4%), Urban Outfitters (URBN -0.9%) and Zumiez (ZUMZ -1%).
- AEO conference call
- Previously: American Eagle Outfitters EPS and revenue in-line (Nov. 30)
- Previously: American Eagle Outfitters stung by holiday quarter guidance (Nov. 30)
Wed, Nov. 30, 9:23 AM
- Gainers: SCON +71%. CRC +32%. ORIG +16%. DNR +16%. GST +16%. OAS +17%. LEI +16%. WTI +14%. SM +13%. AREX +13%. SN +13%. CPE +13%. SDRL +13%. CIE +13%. HHS +13%. SGY +13%. LPI +12%. SYRG +12%. WLL +11%. ATW +11%. GTE +11%. CLR +11%. WPX +11%. ESV +11%. NE +10%. CRZO +10%. DO +10%. NBR +10%. BTE +10%. MRO +10%.
- Losers: ARWR -61%. CERC -47%. CMRE -14%. AEO -10%. GLBS -9%.
Wed, Nov. 30, 8:14 AM
- American Eagle Outfitters (NYSE:AEO) reports comparable sales increased 2% in Q3. The retailer ran into a tough comp of +9% from a year ago.
- Gross margin as a percentage of sales rose 20 bps to 40.2%, despite a slight increase in markdown activity.
- SG&A expenses fell 60 bps to 23.4% as management kept a tight position on costs.
- Operating margin was up 70 bps to 12.6% of sales.
- American Eagle ended the quarter with inventory of $493M, up 3%.
- Guidance: AEO sees Q4 EPS of $0.37-$0.39 vs. $0.45 consensus.
- Previously: American Eagle Outfitters EPS and revenue in-line (Nov. 30)
- AEO -11.00% premarket to $16.83.
Wed, Nov. 30, 8:02 AM
Tue, Nov. 29, 5:30 PM
Fri, Nov. 25, 11:57 AM
- KeyBanc calls Amazon (AMZN -0.1%) and Wal-Mart (WMT +0.7%) early winners of the Black Friday shopping period based on channel checks.
- The investment firm confirms other reports that mall traffic is light. Within the mall sector, Lululemon (LULU +0.2%), Victoria's Secret (NYSE:LB) and Gaps (GPS -1.4%) are called outperformers - while concerns are raised over Buckle (BKE +0.6%) and Vera Bradley (VRA +0.8%).
- Cowen also sees Wal-Mart as a winner. Pink (LB) and American Eagle Outfitters (AEO +0.2%) are also doing wel, according to analyst Olivia Chen.
- MKM Partners has an eye on margins. The combination of "virtually all" retailers offering broad discounts on store assortment and a low level of inventory heading into the shopping period is striking.
- FBR Capital reiterates the broad theme that online sales are diluting Black Friday store traffic. Despite the overhang - Carter's (CRI +0.2%), Hanesbrands (HBI -0.3%), Chico's (CHS +0.7%) and Children's Place (PLCE +1.3%) are called out by FBR as standouts.
Tue, Nov. 22, 10:01 AM
- Dollar Tree (NASDAQ:DLTR) is up 11% after delivering a solid quarter that included an increase in Family Dollar acquisition benefits.
- Burlingon Stores (NYSE:BURL) races 15% higher after its Q3 results topped expectations.
- DSW (DSW +7.5%) and Chico's (CHS +7.3%) also turned in solid reports to round out the good cheer in the sector.
- Other retailers on the move include Dollar General (DG +3.1%), Big Lots (BIG +3.8%), Ollie's Bargain Outlet Holdings (OLLI +1.9%), American Eagle Outfitters (AEO +3.5%), Five Below (FIVE +2.8%), and Fred's (FRED +1.8%).
- Even the bigger chains are bringing in buyers, with Target (TGT +1.3%), Wal-Mart (WMT +1.5%), Staples (SPLS +1.8%) and Office Depot (ODP +3.2%) all ahead of broad market averages.
- The general theme in the retail sector today is margin improvement as some merchandise and operational costs were shown to have been reeled in to improve profitability.
Tue, Oct. 25, 8:17 AM
- Mall retailers have another potential headwind to battle this holiday season due to the threat of clearance sales from bankrupt Aeropostale, warns Oppenheimer.
- Analyst Anna Andreeav notes that American Eagle Outfitters (NYSE:AEO) and Abercrombie & Fitch (NYSE:ANF) in particular are at risk from a massive sale of Aeropostale merchandise at cut-throat prices.
- Some Aeropostale stores are staying through the holidays just to dump products.
Fri, Oct. 14, 2:54 PM
- Piper Jaffray is out with the results of its annual Taking Stock With Teens Survey. The top brands listed by the 10K teens included in the survey are posted below.
- Top clothing brands: Nike (NYSE:NKE) 29%, American Eagle Outfitters (NYSE:AEO) 9%, Forever 21 5%, Ralph Lauren (NYSE:RL) 4%, Urban Outfitters (NASDAQ:URBN) 3%.
- Top handbag brands: Michael Kors (NYSE:KORS) 34%, Kate Spade (NYSE:KATE) 19%, Coach (NYSE:COH) 10%, Louis Vuitton (OTCPK:LVMHF) 5%, Longchamp Vera Bradley (NASDAQ:VRA) 3%.
- Top footwear brands: Nike 51%, Vans (NYSE:VFC) 9%, Converse 7%, Adidas (OTCQX:ADDYY) 6%, Steven Madden (NASDAQ:SHOO) 2%.
- Top restaurant chains: Starbucks (NASDAQ:SBUX) 14%, Chipotle (NYSE:CMG) 11%, Chick-fil-A 10%, Taco Bell (NYSE:YUM) 3%, Panera Bread (NASDAQ:PNRA) 3%, McDonald's (NYSE:MCD) 3%, Olive Garden (NYSE:DRI) 3%.
- Nothing earth-shattering in the tech results, dominating teen mindspace are Snapchat (Private:CHAT), YouTube, Instagram and Netflix (NASDAQ:NFLX).
Mon, Oct. 10, 9:15 AM
Thu, Sep. 29, 8:55 AM
- American Eagle Outfitters (NYSE:AEO) names Bob Madore to be its new chief financial officer, effective October 28.
- Madore has extensive experience as a retail sector executive, most recently as the CFO at Ralph Lauren. He left Ralph Lauren after a management shakeup in the summer.
- Shares of AEO have drifted back below $18 after reaching as high as $19.55 in August.
- Source: Press Release
Fri, Sep. 16, 8:33 AM
- The partnership of Authentic Brands Group, General Growth Properties (NYSE:GGP), and Simon Property Group (NYSE:SPG) finalized their acquisition of Aeropostale (NYSE:AEO) in a deal that will keep the brand alive.
- The Aeropostale chain will still have a major presence at malls with over 400 stores in the U.S. and Canada and another 300 global outlets.
- "Aeropostale has significant brand equity and the go-forward portfolio of stores generates more than $1 billion in global retail sales, over $800 million of which is from the U.S.," notes GGP CEO Sandeep Mathrani.
Fri, Sep. 9, 9:27 AM
- A survey from William Blair indicates that teenagers and young adults have increased their visits to malls this year to reverse a multi-year trend.
- In what may come as a surprise, teens ranked malls above movie theaters, restaurants, and sports clubs/extracurriculars as their most popular place to meet.
- Despite the depressed levels of overall sales this year for mall retailers, the read on teens could be a possible indicator that the mall model will evolve and survive, instead of disappear.
- "While overall mall traffic remains challenging, our survey this year noted a material increase in the number of respondents who indicated they are visiting malls more often than last year, perhaps suggesting that malls’ efforts to increase relevancy (through more experiential brands and the addition of attractive entertainment and dining options) are beginning to bear fruit," says Bernstein analyst Sharon Zackfia.
- Mall retailers: AEO, ANF, ASNA, BKE, BOOT, CATO, CBK, CHS, CTRN, DSW, EXPR, FRAN, GCO, GES, GPS, LB, NWY, PLCE, SCVL, SMRT, SSI, TLYS, URBN, LULU.
Tue, Aug. 30, 4:20 PM
Sat, Aug. 27, 11:34 AM
- Many retailers are tightening up this year by reducing their store count or converting more locations to e-commerce fulfillment centers. Analysts note that although the strategy will lower revenue, over time the group should see improved bottom lines as underperforming stores are cut back and online efficiency improves. Amid the skittish trading with chain store stocks there could be some value deals.
- Store chains that currently trade with a PE ratio below 15 and offer a dividend yield of at least 2% include: TLRD, BKE, SMRT, GPS, AEO, CHS, CATO, TGT, KSS, M, HVT, WSM, PIR, BKS, OUTR, ODP, SPLS.
- ETFs: XLY, XRT, VCR, RTH, RETL, FXD, IYC, FDIS, SCC, RCD, UCC, PMR, JHMC, CNDF.