Improved results from American Eagle Outfitters with promotions dialed back

|About: American Eagle Outfitters... (AEO)|By:, SA News Editor

Net income more than doubled for American Eagle Outfitters (NYSE:AEO) in Q4, while EPS met the consensus estimate of analysts.

Occupancy/warehousing costs as a percentage of sales were flat Y/Y at 64.9%, while the SGA& expense rate fell 10 bps to 21.1%.

The retailed dialed back promotions a bit which helped to leverage down some costs. Comparable-store sales were up 4% during the quarter.

American Eagle ended the period with $305M in inventory, up 9% from last year's tally.

Previously: American Eagle Outfitters EPS in-line, misses on revenue (March 2)

AEO +1.10% after hours to $15.62.

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