American Eagle: EPS hit by restructuring.

(CercleFinance.com) - The American Eagle Outfitters apparel chain posted Q2 EPS that was nearly halved to 12 cents (period ended 29 July), with restructuring costing seven cents per share.


On an adjusted basis, EPS fell 18% to 19 cents, due to a 2.3-point decline in its operating margin to 6%, with revenues up 3% at 845 million dollars (+2 % like-for-like).

Expecting stable or “low single-digit” sales growth in Q3, American Eagle's management targets adjusted EPS of approximately 36 cents to 38 cents in this quarter.


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