American Eagle Outfitters (NYSE:AEO), the teen apparel retailer, reported on Thursday that it unveiled new plans to broadened to the Philippines, with the primary stores slated to open in spring of 2013.
American Eagle Outfitters has signed a multi-year retail license deal with the Suyen Corp, which also manages franchise businesses for many popular international brands like Aldo, Mothercare and LaSenza. Suyev manages around 744 stores in the Philippines, in addition to 126 franchised stores in the kingdom.
The deal comprises American Eagle Outfitters stores plus shop in shop Aerie stores. American Eagle previous month reported that its earnings in the fiscal second-quarter plunged 3.3% on losses linked with the sale of its children’s unit.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. The Buckle, Inc (NYSE:BKE) rose +1.06% to settle at $44.83, Tilly’s Inc (NYSE:TLYS) moved up +2.59% to end at $18.64 while The Gap Inc (NYSE:GPS) jumped +1.86% to finish on Thursday at $36.09.
American Eagle Outfitters (NYSE:AEO) last session volume of 3.51 million shares was higher than its average volume of 4.15 million shares. The stock after opening at $22.37 hit high price of $23.01 and then closed at $22.94 by scoring +2.92%.
AEO generated revenue of 3.32 billion in the following twelve months and earned $190.59 million. The Company showed a positive 5.74% in the net profit margin and as well as in its operating margin which remained 36.59%. Company’s annual sales growth for the past five year was 2.49%.
The AEO past twelve months price to sales ratio was 1.36and price to cash ratio remained 6.42. As far as the returns are concern, the AEO return on equity was recorded as 13.40% and increased 12.31% return on investment while its return on asset stayed at 9.91%.
The stock showed weekly upbeat performance of +2.55% which was maintained for the month at +9.55%. Likewise the positive performance for the quarter was recorded as +23.40% and for the year was +116.42% while the YTD performance remained at +51.92%.
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