USA: American Eagle Blames Warm Weather For Q3 Slump
Youth-oriented retailer American Eagle Outfitters Inc has blamed unseasonably warm weather for a year-on-year drop in third quarter earnings.
The Pennsylvania-based company, which markets casual clothing for 15- to 25-year-olds, saw third quarter earnings come in at $10.1 million, down from $27.1m recorded in the same period a year earlier.
Last week, the company warned it would miss analysts' estimate of 28 cents a share profit which, excluding a goodwill impairment charge, actually came in at 25 cents for the quarter.
Companies: American Eagle Outfitters
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The following is a general roundup of apparel and shoe chains' July sales results. The list will be updated as new results become available....
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