American Eagle updates on Q4 EPS guidance

American Eagle Outfitters has said that fourth quarter comparable sales to date have increased 4 percent. The company continues to expect fourth quarter EPS to be in the range of 0.40 dollar to 0.42 dollar per diluted share, compared to EPS from continuing operations of 0.36 dollar last year.

“Despite a very challenging macro-environment, we had a solid holiday season, driven by positive results in both our brands. The online business was particularly strong, and we leveraged our omni-channel tools to deliver an improved customer experience. I am extremely pleased with the steady progress made in 2015, with expected annual EPS growth of roughly 70 percent,” said Jay Schottenstein, Chief Executive Officer of the company.