American Eagle Outfitters Shares Tumble Almost 10% On Weaker-than-expected Same-store Sales

By Ciara LinnaneMarketWatch Pulse

American Eagle Outfitters Inc. shares tumbled 9.6% premarket Friday, after the company said same-store sales are up 4% in the fourth quarter to date, below the FactSet consensus of 4.9%. The company said it still expects fourth-quarter per-share earnings to come in at 40 cents to 42 cents, up from 36 cents a year ago. The FactSet consensus is for EPS of 42 cents. "Despite a very challenging macro-environment, we had a solid holiday season, driven by positive results in both our brands," Chief Executive Jay Schottenstein said in a statement. Online sales were particularly strong, he said. Shares are up 14% in the last 12 months, while the S&P 500 has lost 6%.

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