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American Eagle Outfitters, Inc. Message Board

  • adspatz adspatz Aug 7, 2013 10:58 AM Flag

    American Eagle reports a 2% revenue decrease

    Search for "SEC Live Filings Digest" to find out more.
    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.

15.63+0.22(+1.43%)Jun 28 4:04 PMEDT