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wing1314
2021-09-02

Big fan of American eagles. Like pls

American Eagle Slips 10% as Revenue Disappoints

Investing.com – American Eagle stock once plunged 10% in Thursday’s early trading following second-q

American Eagle Slips 10% as Revenue Disappoints

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Like pls","highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/812599601","repostId":2164411840,"repostType":4,"repost":{"id":"2164411840","kind":"news","pubTimestamp":1630592171,"share":"https://www.laohu8.com/m/news/2164411840?lang=&edition=full","pubTime":"2021-09-02 22:16","market":"us","language":"en","title":"American Eagle Slips 10% as Revenue Disappoints","url":"https://stock-news.laohu8.com/highlight/detail?id=2164411840","media":"Investing.com","summary":"Investing.com – American Eagle stock once plunged 10% in Thursday’s early trading following second-q","content":"<div>\n<p>Investing.com – American Eagle stock once plunged 10% in Thursday’s early trading following second-quarter revenue that was below expectations as digital sales fell.\nRevenue rose 35% on-year to a ...</p>\n\n<a href=\"https://finance.yahoo.com/news/american-eagle-slips-12-revenue-092311483.html\">Web Link</a>\n\n</div>\n","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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However, revenue of $1.19 billion was below analysts’ estimate of $1.22 billion.\nChief Executive Officer Jay Schottenstein said the company has room to grow, and that it will hit $600 million in operating income this year.\nAmerican Eagle said its capex for the financial year will be at the lower end of the $250 million to $275 million guidance.\nDigital sales decreased 5%, a sharp reversal considering they rose 57% in the first quarter. The company said the pandemic had last year accelerated digital sales and also created a significant backlog that shifted sales from the financial year’s first quarter to its second.\nThe company spent more on advertising, incentives and other selling expenses as economies reopened and it tried to attract more buyers to its stores.\nInventory costs rose 20% compared to a 21% decline last year. 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American Eagle Slips 10% as Revenue Disappoints

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