trending Market Intelligence /marketintelligence/en/news-insights/trending/wmAM47dEn4gWTQs254ordA2 content esgSubNav
In This List

American Eagle Outfitters fiscal Q2 profit climbs YOY

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


American Eagle Outfitters fiscal Q2 profit climbs YOY

American Eagle Outfitters Inc. said its normalized net income for the fiscal second quarter ended Aug. 1 came to 16 cents per share, compared with the S&P Capital IQ consensus estimate of 14 cents per share.

EPS increased year over year from 4 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $31.8 million, a gain from $8.1 million in the prior-year period.

The normalized profit margin climbed to 4.0% from 1.1% in the year-earlier period.

Total revenue increased 12.2% year over year to $797.4 million from $710.6 million, and total operating expenses climbed 6.5% from the prior-year period to $744.3 million from $698.5 million.

Reported net income increased from the prior-year period to $33.5 million, or 17 cents per share, from $5.8 million, or 3 cents per share.