Home / Knowledge / News / Fashion / Staple clothing retailer AE cuts Q1 guidance

Staple clothing retailer AE cuts Q1 guidance

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

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Sri Lanka has a good sustainable track record and strong stories to back it

Vasanth Kumar, Max Fashion India

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Top executives, Fashion houses, India

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Mala Alwani,

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Priyanka Gandhi,

Priyanka Gandhi

Established in 2016, Surat-based Shree Ganesh Yarns is a manufacturer of...

Davide Maccabruni,

Davide Maccabruni

Schärer Schweiter Mettler (SSM) manufactures and supplies textile...

Kevin Nelson, TissueGen

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Razvan Popescu, Directa Plus SpA

Razvan Popescu
Directa Plus SpA

Directa Plus is one of the largest producers and suppliers worldwide of...

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

November 2019

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

Follow us on instagram


Follow Fibre2Fashion On

Advanced Search