×
1 098
Fashion Jobs
LEVI'S
Mobile App Trading & Operations Manager
Permanent · London
BLACK PR
Sales Account Manager
Permanent · LONDON BOROUGH OF HACKNEY
ESTÉE LAUDER
Clinique - Consultant - Boots, Inverness - 18 Hours - Part Time, Permanent
Permanent · Inverness
RELY RECRUITMENT
Head of Finance / Finance Manager
Permanent · LONDON
LEVI'S
Performance Marketing Manager
Permanent · London
ESTÉE LAUDER
la Mer - Business Manager - Bentalls, Kingston - 22.5 Hours / 4 Days - Part Time, Permanent
Permanent · Kingston upon Thames
SHISEIDO
Ecommerce Manager - Nars, Shiseido & Drunk Elephant
Permanent · London
VANS
Account Coordinator - Dutch Speaking - Vans
Permanent · NOTTINGHAM
ESTÉE LAUDER
The Estée Lauder Companies - CRM And Loyalty Manager
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Bluewater - 25.5 Hours - Part Time, Permanent
Permanent · Dartford
ESTÉE LAUDER
Clinique - Consultant - Boots - Metro, Gateshead - 21 Hours - Part Time, Permanent
Permanent · Gateshead
ESTÉE LAUDER
Director, Global Social Marketing
Permanent · London
ESTÉE LAUDER
Tom Ford - Business Manager - John Lewis, Milton Keynes - 37.5 Hours, Days - Full Time, Permanent
Permanent · Milton Keynes
SHISEIDO
Nars Account Manager, Fenwick Bond Street (37.5 Hours)
Permanent · London
LIBERTY LTD
Sales Manager
Permanent · LONDON
LIBERTY LTD
Retail Security Officer
Permanent · LONDON
VF INTERNATIONAL
Inbound Logistics Analyst - 12 Month Ftc
Permanent · COALVILLE
VF INTERNATIONAL
Warehouse Trainer
Permanent · COALVILLE
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
ESTÉE LAUDER
Clinique - Consultant - Boots, White City London - 35 Hours - Full Time, Permanent
Permanent · London
ESTÉE LAUDER
la Mer - Business Manager - Harvey Nichols, Birmingham - 37.5 Hours / 5 Days - Full Time, Permanent
Permanent · Birmingham
ESTÉE LAUDER
Regulatory Scientist - Global Ingredients Compliance
Permanent · Petersfield
By
Reuters
Published
Aug 27, 2012
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

American Eagle preps for strong back-to-school; stock up

By
Reuters
Published
Aug 27, 2012

American Eagle Outfitters Inc forecast a fiscal-year profit above Wall Street estimates as it beat out competitors like Aeropostale and Abercrombie, sending its shares up nearly 5 percent.


Photo: American Eagle Outfitters


The company said on Wednesday that it expected earnings of $1.33 to $1.36 a share from continuing operations. Analysts on average had forecast $1.32, according to Thomson Reuters I/B/E/S.

The outlook "reinforces our belief that American Eagle is taking share this back-to-school season," analyst Jennifer Davis of Lazard Capital Markets wrote in a note to clients.

The back-to-school season is the second-biggest selling season for retailers after the winter holidays.

Davis said American Eagle had the best product assortment among rivals. The company has been conservative in its outlook, she added.

Hoping to maintain its popularity with teens during the back-to-school season, American Eagle has changed clothing lines faster and kept up with its younger clientele's fast-changing tastes in fashion, while rivals Aeropostale Inc and Abercrombie & Fitch Co have struggled.

Chief Executive Officer Robert Hanson said the number of active American Eagle customers had risen 33 percent during the quarter, despite fewer promotions.

In contrast, Aeropostale lost customers as it offered too many basics and not enough fashions, leading to markdowns.

Abercrombie said last week that quarterly sales at stores open at least a year had fallen 11 percent for the flagship Abercrombie & Fitch chain and 10 percent at Hollister, the company's largest brand by sales.

For the second quarter ended July 28, American Eagle said it had earned $19.03 million, or 9 cents a share, down from $19.7 million, or 10 cents a share, a year earlier.

But excluding charges for closing its children's unit, earnings of 21 cents a share met analysts' estimates.

Earlier this month, the company said sales had risen 11 percent to $740 million, while same-store sales were up 9 percent.

American Eagle shares were up 4.7 percent at $21.81 in early New York Stock Exchange trading.

© Thomson Reuters 2022 All rights reserved.