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0 0.000105274239393715 0.000105274239393715 0.000105274239393715 -0.0118577075098813 -0.0027658413804324 -0.000851764300548268 0.0106326981787557
Stock impact report

American Eagle Outfitters swings to Q1 loss on higher costs, sluggish demand [Yahoo! Finance]

American Eagle Outfitters, Inc. (AEO) 
Last american eagle outfitters, inc. earnings: 3/4 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
It encountered merchandising setbacks in several principal categories, which were exacerbated by cooler spring weather and a sluggish February commencement. AEO's board executive chairman and chief executive officer, Jay Schottenstein said: "As we noted in our preliminary release, the first quarter was a challenging period for our business. While we are disappointed with the results, we are taking actions to better position the company and drive stronger performance in the upcoming quarters. Our brands remain resilient. The team is executing with urgency as we look to strengthen both the topline and profit flow-through." Key metrics from American Eagle Outfitters' Q1 AEO posted total net revenue of $1.09bn in the first quarter, a 5% decrease from the $1.14bn recorded in Q1 FY24. The company experienced a total comparable sales decline of 3%, with American Eagle and Aerie brands seeing decreases of 2% and 4%, respectively. Gross profit for the quarter dropped to $322.42m, wi Show less Read more
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