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American Eagle Outfitters (AEO) announced second quarter profits that led to the company’s stock to decline the most in more than three years. The teen-apparel chain credits teen consumer constraint as a major contributor to its decreased earnings as well as lower women’s clothing sales. Additionally, second quarter saw an increase in promotions and sales, making a negative impact on the company’s bottom line. American Eagle reported revenues that decreased 2%, resulting in a $14.8M decline from $739.7M last year to $724.9M this quarter. Earnings per share fell short of expectations and roughly half the amount the company forecasted, with $0.10 per share. The company had originally forecasted earnings per share of $0.19 to $0.21.