After the close, "West Coast-inspired" specialty apparel and footwear retailer Tilly's (TLYS) topped quarterly views, sending shares popping in late trade Wednesday. Earlier in the morning, American Eagle Outfitters (AEO) beat Q2 estimates but guided Q3 earnings below the consensus, weighing on shares.
XAmerican Eagle Earnings
Estimates: Earnings growth of 63% to 31 cents a share as revenue rises 12% to $945 million. Same-store sales seen increasing 6.4%, including 3.4% at the flagship American Eagle brand and 29.9% comps at the popular Aerie, per Consensus Metrix estimates.
Results: EPS of 34 cents on revenue of $965 million. Same-store sales jumped 9%, the highest since 2015, with American Eagle up 7% and Aerie up 27%.
Outlook: Q3 EPS of 45-47 cents, below consensus views for 49 cents, with comp sales growth in the high-single digits and total revenue growth in the mid-single digits. Management noted an approximate $40 million revenue shift into Q2 due to the shifted retail calendar.
"We are pleased with the performance of the business through the back-to-school season with strength across brands and channels continuing," CEO Jay Schottenstein said in a statement.
Stock: Shares sank 6.5% to 25.5o on the stock market today, ending the session right around their 50-day average. Going into earnings, American Eagle's stock was up 45% so far in 2018, trading at levels not seen since 2007.
Abercrombie & Fitch (ANF), which reports Thursday, fell 1.8%. In a busy day for retail earnings, Express (EXPR) and Chico's FAS (CHS) topped quarterly views, while Dick's Sporting Goods (DKS) turned in mixed results.
Tilly's Earnings
Estimates: Q2 EPS to more than double, rising 136% to 26 cents, on 11.5% revenue growth to $155 million.
Results: Adjusted EPS of 29 cents per diluted share on sales of $157.4 million, topping views.
"Tillys delivered its strongest comparable store net sales result since the third quarter of fiscal 2016, and we believe we have our e-com business back on track," said Tilly's CEO Ed Thomas in a statement. "The back-to-school season is off to a strong start, and we feel optimistic about the back half of fiscal 2018."
Outlook: For the current quarter, Tilly's management expects 20-24 cents EPS and $145 million to $151 million in revenue, vs. views for 21 cents a share and $143 million.
Analysts are looking for 81 cents EPS and $588 million in revenue for the year.
Stock: Shares are up 8% after hours. During the session, the stock had risen 1.2% to 18 but remained extended after clearing a 16.20 entry point from a cup-with-handle base in early August. Tilly's shares have risen about 29% this calendar year.
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The post Tilly's Tops Late, Sending Shares Soaring; American Eagle's Weak Guidance Sinks Stock appeared first on Investor's Business Daily.
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