American Eagle Outfitters is reimagining its post-pandemic landscape. But for now, reminders of the coronavirus are everywhere.
For the three-month period ending May 2, revenues were $552 million, down from $886 million the same time last year. By brand, American Eagle suffered the most, with top-line sales falling 45 percent, following a 5 percent increase in 2019’s first quarter. Intimates brand Aerie decreased 2 percent, compared with a 28 percent jump the same time last year.
The company reported a loss of $257 million, compared with profits of more than $40 million last year. . . . more