Home / Knowledge / News / Fashion / Staple clothing retailer AE cuts Q1 guidance
Staple clothing retailer AE cuts Q1 guidance
10
Apr '08
American Eagle Outfitters Inc announced that total sales for the five weeks ended April 5, 2008 decreased 2% to $267.3 million, compared to $271.4 million for the five weeks ended April 7, 2007. Comparable store sales were down 12% for the month, compared to a 20% increase for the same period last year.

March sales were well below the company's recent expectations. Traffic and sales trends were weak throughout the month. Additionally, traffic over Easter and peak spring break periods was lower than anticipated.

Total sales for the year-to-date nine week period ended April 5, 2008 increased 1% to $442.4 million, compared to $437.7 million for the nine week period ended April 7, 2007. Comparable stores sales for the period decreased 9% for the year-to-date period compared to the same nine week period last year.

The company is lowering its first quarter earnings guidance to $0.18 to $0.20 per share, compared to $0.35 per share last year. The company's previous guidance was $0.25 to $0.27 per share.

American Eagle Outfitters Inc


Must ReadView All

India to be largest cotton producer in 2018-19: USDA

Textiles | On 22nd Jun 2018

India to be largest cotton producer in 2018-19: USDA

For the fourth consecutive season, India is expected to be the...

Organic Basics gets Polygiene help for advanced underwear

Apparel/Garments | On 22nd Jun 2018

Organic Basics gets Polygiene help for advanced underwear

Danish firm Organic Basics is working with Swedish company Polygiene, ...

Courtesy: Pexels

Textiles | On 22nd Jun 2018

Pakistan's textile exports up 9.82% in July-May FY18

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Urmil Arya

Sushila International, a well established textile organisation established ...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search