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American Eagle Outfitters’ Management Group admitted that the first quarter (Q1) presented significant difficulties; However, the quarter of the quarterly achieved sales targets.
The refrigerator faced a shortage of trade in several main categories, which worsened with spring weather and slow February.
Chairman of the Board of the Board of AEO, Job Schottenstein said: “In the first quarter, we are a difficult time for our work and take measures to make stronger performance in the approaching quarters.
American Eagle Outfitters Key Metrics’ Q1
AEO was recorded in the first quarter in the total net income of $ 1.09 billion in $ 1.09 billion, Q1 FY24.
The company experienced a total comparative sales decline with American Eagles and Aerie brands, which decreases by 2% and 4%, respectively.
The total profit for the quarter fell to $ 322.42 million, the total limit was 29.6%.
Trade edges, 960 main points due to inventory writing decks, increased higher brands and product costs throughout the season.
AEO, 333.49 m from 338.79 m to 2%, selling general and administrative costs, general and administrative costs.
The company reported a net loss of $ 64.89 million compared to $ 67.75 million net income in the same period last year.
Outlook
Have aeo Last month’s announcement maintained his position that the management of the full year was back Continuous market among uncertainties.
In the second quarter of the fiscal, the company expects about 5%, relatively income, and about 3% of comparable sales.
For the quarter, projected operations are expected to be between $ 40 million between $ 40 million.
AEO is about $ 2700 million in about $ 275 million, about $ 275 million in advance for 2025 for 2025.
“American eagle outfitters, for higher costs Q1 loss, slow student” first created and published Only styleA global brand.
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