American Eagle Shares Fall 14% on Weak Holiday Guidance and Analyst Downgrades
American Eagle Shares Fall 14% on Weak Holiday Guidance and Analyst Downgrades
CEO$American Eagle (AEO.US)$ shares are trading more than 14% lower Thursday. The company reported mixed third-quarter earnings and provided weak guidance for the holiday season. There have also been some analyst updates.
$美鹰服饰 (AEO.US)$ 股价在周四下跌超过14%。公司报告了第三季度业绩混合，并对假日季节提供了疲弱的指引。分析师也有一些更新。
The retailer reported earnings per share of 48 cents. Revenue came in at $1.28 billion, down 1% year-over-year and below the prior-year figure of $1.3 billion. The decline was attributed to a $45 million negative impact from a retail calendar shift. Comparable sales rose by 3%, slower than the 5% growth reported in the same quarter last year according to Benzinga Pro.
该零售商报告每股收益为48美分。营业收入为12.8亿美金，同比下降1%，低于去年的13亿美金。下降的原因归因于零售日历的转变造成的4500万美金的负面影响。可比销售额增长3%，低于去年同季度报告的5%的增长，参考Benzinga Pro。
Aerie also posted a 5% increase in comparable sales, following a 12% rise in the prior year, while the American Eagle brand saw a 3% uptick, slightly improving from last year's 2% growth. Gross profit dipped 3% to $527 million, with gross margin declining to 40.9% from 41.8% due to higher markdown activity and expense deleverage linked to the calendar adjustment.
Aerie的可比销售也增长了5%，去年同期增长了12%，而美鹰品牌则上涨了3%，略高于去年的2%增长。毛利润下降了3%，至52700万美元，毛利率从41.8%降至40.9%，原因是更高的折扣活动和与日历调整相关的费用削弱。
CEO Jay Schottenstein emphasized the positive momentum from the company's "Powering Profitable Growth Plan," citing a robust back-to-school season. However, he acknowledged significant challenges for the fourth quarter, including an anticipated 4% revenue decline and a modest 1% increase in comparable sales.
首席执行官Jay Schottenstein强调了公司“推动盈利增长计划”的积极势头，引用了强劲的返校季。然而，他承认第四季度面临显著挑战，包括预期的4%营业收入下降和可比销售的小幅1%增长。
JP Morgan analyst Matthew Boss downgraded American Eagle's stock from Overweight to Neutral, slashing the price target from $27 to $23. He noted that the third quarter revealed a "core miss," flagging increased markdown pressures and unfavorable foreign exchange impacts as key risks. Boss also pointed to uneven consumer demand as a lingering concern, adding to the headwinds the retailer faces during the critical holiday season.
摩根大通分析师马修·博斯将美鹰服饰的股票评级从增持下调至中立，将目标价从27美金削减至23美金。他指出，第三季度揭示了一个"核心缺口"，并标出了增加的减价压力和不利的汇率期货影响作为主要风险。博斯还提到了消费需求的不均衡是一个持续的担忧，增加了该零售商在关键假日季节面临的逆风。
Bank of America and Telsey Advisory Group also joined in cutting price targets, now set at $21 and $20, respectively.
美国银行和Telsey顾问集团也参与了下调目标价格，现在分别定在21美元和20美元。
The company's fourth-quarter guidance projected earnings of 46 cents per share, significantly below the consensus estimate of 59 cents. Management cited an $85 million revenue headwind from the retail calendar shift and persistent demand uncertainty as primary challenges.
公司的第四季度指引预测每股收益为46美分，显著低于市场一致预期的59美分。管理层指出由于零售日历的转变带来的8500万美金的营业收入逆风和持续的需求不确定性是主要挑战。
