568
Вакансии
PRIMARK
People & Culture Supervisor
Permanent · WARSAW
CALZEDONIA GROUP
Kierownik Salonu / ch Promenada / Warszawa / Nowe Otwarcie
Permanent · WARSAW
H&M
Advanced User
Permanent · ROBAKOWO
H&M
Group Leader/ Lider Grupy
Permanent · CHLEBNIA
H&M
Advanced User
Permanent · CHLEBNIA
ESSILORLUXOTTICA GROUP
Sales Representative
Permanent · KRAKÓW
ESSILORLUXOTTICA GROUP
Cee Operations Controller
Permanent · KRAKÓW
ESTÉE LAUDER COMPANIES
IT Business Partner
Permanent · WARSAW
LEVI'S
Customer Relations Specialist (Otc) M/W/D
Permanent · WARSAW
MICHAEL KORS
Sales Supervisor, Poland, Lodz- Full Time
Permanent · ŁÓDŹ
LIMANGO
Product Owner - Fully Remote Possible
Permanent · WROCŁAW
L'OREAL GROUP
Senior Brand Manager Maybelline New York
Permanent ·
NEWELL
Sales And Operations Planner
Permanent · POZNAŃ
L'OREAL GROUP
Country Digital Project Manager
Permanent · WARSAW
RITUALS
Rituals - Office Coordinator (Warsaw)
Permanent · WARSAW
AVON
Product Safety/Integrity & Regulatory Affairs
Permanent · WARSZAWA
TK MAXX
Pracownik ds. Ochrony Tkmaxx Port Łódź/Pełen Etat
Permanent · ŁÓDŹ
TK MAXX
Pracownik ds. Ochrony Tkmaxx Wrocław Renoma/Pełen Etat
Permanent · WROCŁAW
TK MAXX
Pracownik ds. Ochrony Tkmaxx Wrocław Bielany/Pełen Etat
Permanent · WROCŁAW
L'OREAL GROUP
Project Manager & Administration
Permanent · WARSAW
L'OREAL GROUP
Community Advocacy Specialist, l’Oréal Luxe
Permanent · WARSAW
PANDORA
Business Consultant, Fico Sap Solutions
Permanent · WARSAW
Автор
Reuters
Опубликовано
25 мая 2023 г.
Скачать
Загрузить статью
Печать
Размер текста

American Eagle cuts annual revenue forecast on weak apparel demand

Автор
Reuters
Опубликовано
25 мая 2023 г.

American Eagle Outfitters Inc cut its full-year revenue forecast on Wednesday, as apparel demand wavers due to still-high inflation, sending shares of the company down 15% after the bell.


American Eagle


Higher rent and product prices in the United States dented consumer spending, hurting demand for discretionary items as cash-strapped shoppers focused on essentials such as groceries.

The company now expects annual revenue to be flat to down low-single digits, compared with its prior forecast of flat to up low-single digits.

That is in contrast with peer Abercrombie & Fitch Co, which lifted its full-year sales forecast earlier on Wednesday, banking on its efforts to fill shelves with in-demand goods and steady demand from its affluent shoppers.

American Eagle, however, saw revenue for Aerie, a division that makes activewear, swimsuits and bralettes and which benefited after the pandemic struck as people stayed at home, jump 12% in the first quarter, while its namesake division posted a 2% fall.

The company posted quarterly gross margin rate of 38.2%, compared with 36.8% a year earlier, benefiting from lower transportation costs, compensation and delivery costs.

Ever since the pandemic began, major U.S. companies had been battling higher transportation and raw material costs, which impacted profit margins in previous quarters.

But gradual easing of such costs and lower clearance discounts have offered some relief to most retailers.
American Eagle's first-quarter revenue rose 2.5% to $1.08 billion, beating analysts' average estimate of $1.07 billion, according to Refinitiv data.

The company posted quarterly adjusted earnings of 17 cents per share, in line with analysts' expectations.
 

© Thomson Reuters 2024 Все права защищены.