×
187
Fashion Jobs
THE BANYAN HR CONSULTS
Merchandising Manager For a Seamless Garments Textile co at Coimbatore
Permanent · Coimbatore
OPERA CLOTHING PRIVATE LIMITED
Production Manager For Garment Manufacturing Factory
Permanent · Vapi
GOKALDAS EXPORTS LTD
sr. Manager - Technical - Garments Industry Background
Permanent · Bengaluru
NIKE
Lead Technical Product Manager, ed&a – Apla
Permanent · Bengaluru
NIKE
Senior Security Incident Responder – Cis
Permanent · Bengaluru
FAABIIANA
Executive For Online Product & Order Management
Permanent · NEW DELHI
FAABIIANA
Customer Sales Executive (Female)
Permanent · NEW DELHI
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Category Manager/sr. Manager-Institutional Sales - Garments Industry
Permanent · Bhiwandi
NIKE
Senior Technical Product Manager, Inventory & Order – Apla
Permanent · Bengaluru
NIKE
Senior Technical Product Manager, Finance – Apla
Permanent · Bengaluru
NIKE
Senior Technical Product Manager, Core Erp – Apla
Permanent · Bengaluru
OMREELS BIOSCOPE PVT LTD
Senior Executive Ecommerce
Permanent · MUMBAI
NIKE
Senior Technical Program Manager, Marketing Tech – Dtpo
Permanent · Bengaluru
NIKE
Service Delivery Manager, Operations Center – Tech Ops
Permanent · Bengaluru
NIKE
Director, Security Solutions & Delivery – Cis
Permanent · Bengaluru
NIKE
HR Manager - Nike India Technology Centre
Permanent · Bengaluru
NIKE
Financial Controller - India
Permanent · Bengaluru
NIKE
Software Engineering Manager, Finance & Procurement Technology – cf&c
Permanent · Bengaluru
NIKE
Service Delivery Manager, Sap & Omdl (Order Management & Delivery) – Tech Ops
Permanent · Bengaluru
NIKE
Service Delivery Manager, Batch & bi – Tech Ops
Permanent · Bengaluru
NIKE
Service Delivery Manager, HR/Finance & Payroll – Tech Ops
Permanent · Bengaluru
NIKE
Senior Cyber Security Analyst – Cis
Permanent · Bengaluru
By
Reuters
Published
May 23, 2012
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

American Eagle shares fall early after outlook

By
Reuters
Published
May 23, 2012


Photo: American Eagle
American Eagle Outfitters Inc's tepid profit forecast for the year overshadowed a bigger quarterly profit that came on higher sales from a new line of clothes.

The retailer, whose prices are between those of high-end rival Abercrombie & Fitch Co more affordable Aeropostale Inc, said on Wednesday it would earn between $1.16 and $1.22 a share in the year after adjusting for losses from its 77kids unit.

Analysts, on average, expected earnings of $1.18 per share, according to Thomson Reuters I/B/E/S.

Its shares traded down 2.5 percent at $19.30 before the markets opened. They closed at $19.79 Tuesday on the New York Stock Exchange.

The first quarter is typically clearance season as retailers try to unload unsold items from the holidays.

This year, however, many clothing retailers sold closer to full price as wardrobes were updated for spring break and an early summer.

American Eagle said earlier this month that first-quarter sales rose 18 percent to $719 million.

For the first quarter ended April 28, it earned $39.7 million, or 20 cents a share, compared with $28.3 million, or 14 cents a share, in the same period last year.

American Eagle has been sprucing up its merchandise and supply system under new Chief Executive Robert Hanson so it can change its clothing lines faster and keep up with its young clientele.

Hanson also decided to shut the underperforming 77kids and look for a new chief financial officer for the company -- moves praised by analysts.

Abercrombie and Aeropostale saw sales rise 10 and six percentages respectively, on lower profits.

© Thomson Reuters 2022 All rights reserved.