Robert Hanson Archives - Bartle Doo Article Archives

American Eagle Outfitters Appoints Kitty Yung to EVP/President of Asia Pacific, Promotes Simon Nankervis to SVP Americas and Global County Licensing

New Appointments Build Global Capabilities; Aligning With Strategic Vision

PITTSBURGH–(BUSINESS WIRE)– American Eagle Outfitters, Inc. (NYS: AEO) today announced the appointment of Kitty Yung to Executive Vice President/President of Asia Pacific and Simon Nankervis has been promoted to Senior Vice President, Americas and Global Country Licensing.

“Kitty and Simon are proven retail executives with extensive brand management, retail development and multi-national operations experience, each spanning over 20 years. These appointments support our global geographic and channel growth, while aligning with our strategic plan of fortifying core assets, growing North America and transforming to a global omni-channel competitor focused on delivering top-tier shareholder returns,” said CEO, Robert Hanson.

Previously, Kitty Yung was President, Asia Pacific at Guess Inc., with responsibility across the region, including China, India, South East Asia and australia/New Zealand. While at Guess Inc., she grew the business to over 200 stores in Greater China. Kitty previously held a number of leadership roles in apparel general management, supply chain and consumer goods in the Asia Pacific region. With in-depth experience and business development skills, Kitty will be instrumental in the expansion of AEO‘s brands and company-operated stores across China.

In his new role, Simon Nankervis will assume responsibility for the company’s U.S., Canada and Mexico stores, as well as real estate and country licensing. Simon has extensive management, business development and global store experience and has been the leading architect of AEO‘s successfully growing country-licensing program. Additionally, he launched AEO‘s company-owned and operated stores in Mexico. Simon is an accomplished apparel leader, having led businesses for Guess, Gap, Aldo and Tumi in his native australia after an earlier career in apparel general management and consultancy.

About American Eagle Outfitters, Inc.

American Eagle Outfitters, Inc. (NYS: AEO) is a leading global specialty retailer offering high-quality, on-trend clothing, accessories and personal care products at affordable prices under its American Eagle Outfitters® and Aerie® brands. The company operates more than 1,000 stores in North America, and ships to 81 countries worldwide through its websites. American Eagle Outfitters and Aerie merchandise also is available at approximately 55 international franchise …read more

Source: FULL ARTICLE at DailyFinance

By Business Wirevia The Motley Fool

American Eagle Outfitters Reports Record Annual Sales of $3.5 Billion and 43% Growth in Adjusted EPS

Fourth Quarter Sales Rise to Record Level; Adjusted EPS Grows 41%

Board of Directors Authorizes 20 Million Share Repurchase Program and Increases Quarterly Dividend

PITTSBURGH–(BUSINESS WIRE)– American Eagle Outfitters, Inc. (NYS: AEO) today reported adjusted fiscal year 2012 earnings for the 53 weeks ended February 2, 2013 of $1.39 per share, a 43% increase from fiscal year 2011 adjusted earnings of $0.97 per share for the 52 weeks ended January 28, 2012. GAAP earnings of $1.16 per share this year include a loss from discontinued operations of ($0.16) per share, a tax benefit of $0.06 per share and restructuring and store impairment charges of ($0.13) per share. The EPS figures refer to diluted earnings per share.

Robert Hanson, chief executive officer stated, “I’m extremely pleased with our progress in 2012 as the team delivered on our near-term priorities and exceeded our targeted financial metrics. In a competitive and volatile consumer environment, we drove a strong top line on leaner inventories, reduced markdowns and achieved cost leverage. We remain focused on our strategic plan aimed at fortifying our brands and processes and growing our business across North America. Concurrently, we are laying the ground work for transformational global expansion, while continuing to drive strong returns to our shareholders.”

For the 14 weeks ended February 2, 2013 the company reported adjusted earnings of $0.55 per share, a 41% increase compared to adjusted EPS of $0.39 for the 13 weeks ended January 28, 2012. EPS was in line with the company’s guidance. GAAP earnings of $0.47 per share this year include a tax benefit of $0.04 per share and restructuring and store impairment charges of ($0.12) per share. A reconciliation of GAAP to non-GAAP financial measures is provided in the following tables.

Cash Distributions to Shareholders

The board of directors authorized 20 million shares under a new share repurchase program and raised the quarterly cash dividend to $0.125 per share, a 14% increase. Due to the early payment of the first quarter dividend of $0.11, which was paid on December 28, 2012, the increased dividend distribution will begin in the second quarter. In 2012, the company returned …read more
Source: FULL ARTICLE at DailyFinance

Bartle Doo Article Archives

Tag Archives: Robert Hanson

American Eagle Outfitters Appoints Kitty Yung to EVP/President of Asia Pacific, Promotes Simon Nanke

American Eagle Outfitters Reports Record Annual Sales of $3.5 Billion and 43% Growth in Adjusted EPS

Articles Archive