American Eagle July revenue comparison is flat, better than decline analysts expected

American Eagle key revenue figure unchanged

PITTSBURGH — Teen retailer American Eagle Outfitters Inc. said Thursday that its July revenue in stores open at least a year was flat, coming in slightly better than the 0.2 percent decline that analysts had predicted.

Measuring revenue in stores open at least a year is a key indicator of a retailer’s performance because it excludes results from stores that open or close during the year.

Total revenue for the four weeks that ended July 31 rose 2 percent to $219 million from $215 million. Revenue at stores open at least a year fell 1 percent in the quarter, while total sales rose 1 percent to $662 million.

So far this year, revenue in stores open at least a year is up 2 percent while total sales have risen 4 percent to $1.32 billion.

The company said its second-quarter results will fall at the low end of its previously announced range. It expects earnings per share to be 12 or 13 cents, excluding one-time items, down from adjusted profit of 18 cents per share a year ago.

Analysts surveyed by Thomson Reuters have forecast earnings of 13 cents per share, on average.

American Eagle will announce second-quarter results on Aug. 25.