American Eagle Outfitters Inc.’s fiscal fourth-quarter profit fell 41 percent as the teen retailer posted about $20.7 million in store impairment charges and saw input costs rise sharply, though revenue improved thanks to strong online sales. Earnings reached the high end of company guidance and American Eagle forecasts sales improvement in the new year. The […]
American Eagle Outfitters Inc.’s fiscal fourth-quarter profit fell 41 percent as the teen retailer posted about $20.7 million in store impairment charges and saw input costs rise sharply, though revenue improved thanks to strong online sales. Earnings reached the high end of company guidance and American Eagle forecasts sales improvement in the new year. The clothing chain showed further strength on Thursday after being boosted by both Goldman Sachs and Nomura.
Leave a Comment: