American Eagle Outfitters (NYSE:AEO) reports comparable sales increased 6% in Q4 to follow on last year's +8% mark.
The American Eagle brand saw a 3% gain in comparable sales, while comparable sales were up 23% for the Aerie brand.
AEO's gross margin rate was flat compared to a year ago at 34.6% as lower markdowns were offset by higher distribution and compensation expenses.
The retailer ended the quarter with an inventory position of $424M (+7% Y/Y).
Looking ahead, American Eagle expects Q1 EPS of $0.19 to $0.21 vs. $0.24 consensus.
