Big fan of American eagles. Li

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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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Jianhaolee
·2021-09-02
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Like pls","highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/812599601","repostId":2164411840,"repostType":4,"repost":{"id":"2164411840","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":"<p>Investing.com – American Eagle stock&nbsp;once&nbsp;plunged 10% in Thursday’s early trading following second-quarter revenue that was below expectations as digital sales fell.</p>\n<p>Revenue rose 35% on-year to a record $1.19 billion as more buyers shopped at its stores after they reopened. However, revenue of $1.19 billion was below analysts’ estimate of $1.22 billion.</p>\n<p>Chief Executive Officer Jay Schottenstein said the company has room to grow, and that it will hit $600 million in operating income this year.</p>\n<p>American Eagle said its capex for the financial year will be at the lower end of the $250 million to $275 million guidance.</p>\n<p>Digital 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.</p>\n<p>The company spent more on advertising, incentives and other selling expenses as economies reopened and it tried to attract more buyers to its stores.</p>\n<p>Inventory costs rose 20% compared to a 21% decline last year. 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