American Eagle Outfitters (NYSE:AEO), along with many retailers, has a disastrous December, falling in sales by 6 percent.
Susquehanna said that American Eagle "lacked color this holiday and the assortment was not highly giftable."
They lowered their prior full year 2011 EPS estimate of $0.16 to $0.10.Their 1Q11-4Q11 estimates are $0.16/$0.12/$0.33/$0.49. They also launched a full year 2012 EPS estimate of $1.39.
Susquehanna is reiterates their Neutral rating on American Eagle Outfitters, which closed Friday at $14.46, down $0.59, or 3.92 percent.
Monday, January 10, 2011
American Eagle Outfitters (NYSE:AEO) Sales Plummet 6 Percent in December
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2 comments:
a 70+ ceo, a disastrous brand attempt in Martin and Osa (that had to cost a couple of hundred million), a cfo with little talent or credibility and three years of inventory mismanagement that helped fuel sagging sales and profits..........
time for a sweep of the boardroom???
The CFO is a joke and they have a no talent CEO. Dump the stock.
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