Latest news with #Aerie
Time of India
a day ago
- Business
- Time of India
American Eagle Outfitters reports bigger-than-expected loss, forecasts downbeat revenue
HighlightsAmerican Eagle Outfitters reported a wider-than-expected quarterly loss, leading to an 8% decline in shares, as rising input costs and sluggish demand impact their revenue forecast. The company expects second-quarter revenue to decline by 5%, exceeding analysts' estimates of a 4.04% drop, amid consumer financial constraints affecting non-essential purchases. Despite American Eagle Outfitters' struggles, Abercrombie & Fitch reported positive results, driven by strong demand for its Hollister brand among younger shoppers. American Eagle Outfitters forecast second-quarter revenue below estimates after reporting a wider-than-expected quarterly loss on Thursday, due to rising input costs and sluggish demand. Shares of the company, which withdrew its fiscal 2025 forecasts earlier this month amid tariff uncertainty, fell about 8% after the bell. Consumers grappling with financial constraints are avoiding non-essential purchases, including apparel and accessories, which in turn has hurt demand for clothing brands such as American Eagle Outfitters. Comparable sales in the company's American Eagle brand declined 2%, while those for its Aerie brand dropped 4%, compared to a year ago. Meanwhile, fears of a surge in product prices, sparked by U.S. President Trump's unpredictable tariff shifts, have rattled businesses and consumers worldwide. Peer Abercrombie & Fitch, however, reported an upbeat quarter, driven by robust demand for its Hollister brand among younger shoppers. American Eagle Outfitters now expects second-quarter revenue to decline by 5%, compared with analysts' estimates of a 4.04% drop, according to data compiled by LSEG. Total inventory as of the quarter ended May 3 fell 5% to $645 million, with unit numbers also down 5%. The owner of the Aerie brand, which took a $75 million inventory charge on its spring and summer collection, saw further margin pressure from increased in-season discounts and advertising expenses. Its quarterly gross margin dropped to 29.6% from 40.6% a year ago. The company reported a quarterly adjusted loss of 29 cents per share, versus analysts' estimates of a loss of 22 cents per share.
India.com
2 days ago
- Business
- India.com
Rs 17430000000000000 bunkers built for people in…, the aim is to...
Rs 17430000000000000 bunkers built for people in…, the aim is to... World's richest people always find a way to get ahead of everyone. Well, this is not only in business, but if the world is going to end in the coming days, they have already found a way to safeguard themselves. Secret luxurious bunkers are being made for the world's richest people where they can save themselves if doomsday happens. United States official Catherine Austin Fitts made a sensational claim that has raised the question again. Catherine, who was in the administration of former US President George H. W. Bush, recently claimed that the US government has quietly built about 170 underground and undersea bunkers by spending 21 trillion dollars (about Rs 1,743,00,00,00,00,000) between 1998 and 2015. These bunkers are connected to each other through a secret transit system powered by an unknown technology. Catherine made the claim during a podcast of Fox News' famous anchor Tucker Carlson. She said the super strong bunkers have been built to protect the rich from the world's disasters. However, concreate evidence of the claim has not been found. 21 Trillion Dollars… Where Did This Money Go? Economist Mark Skidmore's 2017 report, cited by Fitts, revealed major irregularities in American federal spending. Millions of dollars in undocumented adjustments, lacking supporting documentation, were identified within the Defence and Housing Departments. Catherine Fiits alleges these funds were used to secretly construct several powerful bunkers. This is not just a theory, bunkers are being built! An American company SAFE (Strategically Armored and Fortified Environments) has recently announced its mega project names- 'Aerie'. This USD 300 million underground fort to be built near Washington by 2026. The fort, equipped with all the necessary things, will keep 625 world's richest people safe in times of natural or human made disaster. The price of the fort's single ticket is Just USD 20 million per person. A luxury survival bunker, offering amenities comparable to a five-star hotel, including AI-powered healthcare, wellness facilities, a bowling alley, indoor pool, and IV therapy, has received thousands of applications from wealthy individuals worldwide. The Billionaires Are Ready… What Will We Do? As per a report by Bloomberg, in 2018, at least seven tech billionaires bought bunkers in New Zealand. Notably, Facebook owner Mark Zuckerberg is building a huge private complex on Hawaii island, including an underground bunker. According to reports, the construction workers have been made to sign NDAs (confidentiality agreements). Media thinkers like Douglas Rushkoff believe that this trend of buying entry tickets or building bunkers reflects a deep concern that even the rich people don't believe that the world will last much longer.
Yahoo
2 days ago
- Business
- Yahoo
American Eagle (AEO) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended April 2025, American Eagle Outfitters (AEO) reported revenue of $1.09 billion, down 4.7% over the same period last year. EPS came in at -$0.29, compared to $0.34 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $1.09 billion, representing a surprise of -0.15%. The company delivered an EPS surprise of -16.00%, with the consensus EPS estimate being -$0.25. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how American Eagle performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Number of stores - Total (EOP): 1,176 versus the four-analyst average estimate of 1,175. Number of stores - AE Brand: 828 versus the four-analyst average estimate of 824. Number of stores - Aerie stand-alone (incl. OFFL/NE): 321 compared to the 326 average estimate based on four analysts. Comparable store sales: -3% compared to the -3.7% average estimate based on four analysts. Comparable store sales - Aerie: -4% versus the three-analyst average estimate of -3.2%. Gross square footage - Total: 7.23 Msq ft versus the three-analyst average estimate of 7.27 Msq ft. Comparable store sales- American Eagle Outfitters: -2% versus -4.3% estimated by three analysts on average. Number of stores - Todd Snyder: 20 versus the two-analyst average estimate of 19. Number of stores - Unsubscribed: 7 compared to the 6 average estimate based on two analysts. Total net revenue- American Eagle: $693.87 million versus $680.05 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -4.3% change. Total net revenue- Aerie: $359.79 million compared to the $357.42 million average estimate based on four analysts. The reported number represents a change of -3.5% year over year. View all Key Company Metrics for American Eagle here>>>Shares of American Eagle have returned +5.3% over the past month versus the Zacks S&P 500 composite's +6.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Reuters
3 days ago
- Business
- Reuters
American Eagle Outfitters reports bigger-than-expected loss, forecasts downbeat revenue
May 29 (Reuters) - American Eagle Outfitters (AEO.N), opens new tab forecast second-quarter revenue below estimates after reporting a wider-than-expected quarterly loss on Thursday, due to rising input costs and sluggish demand. Shares of the company, which withdrew its fiscal 2025 forecasts earlier this month amid tariff uncertainty, fell about 8% after the bell. Consumers grappling with financial constraints are avoiding non-essential purchases, including apparel and accessories, which in turn has hurt demand for clothing brands such as American Eagle Outfitters. Comparable sales in the company's American Eagle brand declined 2%, while those for its Aerie brand dropped 4%, compared to a year ago. Meanwhile, fears of a surge in product prices, sparked by U.S. President Trump's unpredictable tariff shifts, have rattled businesses and consumers worldwide. Peer Abercrombie & Fitch, however, reported an upbeat quarter, driven by robust demand for its Hollister brand among younger shoppers. American Eagle Outfitters now expects second-quarter revenue to decline by 5%, compared with analysts' estimates of a 4.04% drop, according to data compiled by LSEG. Total inventory as of the quarter ended May 3 fell 5% to $645 million, with unit numbers also down 5%. The owner of the Aerie brand, which took a $75 million inventory charge on its spring and summer collection, saw further margin pressure from increased in-season discounts and advertising expenses. Its quarterly gross margin dropped to 29.6% from 40.6% a year ago. The company reported a quarterly adjusted loss of 29 cents per share, versus analysts' estimates of a loss of 22 cents per share. Its quarterly net revenue declined 4.7% to $1.09 billion, from a year ago. Analysts estimated a drop of 4.34% to $1.09 billion.
Miami Herald
4 days ago
- Business
- Miami Herald
New Startup is Redefining Puberty Culture for Gen Z Girls
Cloudstate is a category shift at the intersection of youth undergarments and youth-empowered digital tech. BOSTON, MASSACHUSETTS / ACCESS Newswire / May 28, 2025 / Cloudstate, the first brand built for girls with girls, is redefining how they experience one of the most emotionally charged purchases of girlhood - buying a bra. Through research, girls openly shared that they feel like order numbers, sold a product, and left without the emotional support they need to navigate everything else. Cloudstate's innovative bras, designed by Jayne Pascale, the technical mastermind behind one of the best-selling bras for Aerie, feature adaptive pad technology with thoughtful construction that flexes, molds, and supports each girl's unique shape, pace, and growth journey. No rigid sizing. No awkward gaps. No outdated rules about what her body should look like. Cloudstate's bras are made with safe, sustainable materials, prioritizing physical health alongside emotional wellbeing. A U.S. study revealed by age 13, 53% of girls report being unhappy with their bodies, a figure that escalates to 78% by age 17. On platforms like TikTok and Instagram, one in three girls says she feels badly about her body at least weekly. It's a crisis happening at the exact moment when girls' self-worth, mental health, and emotional resilience are being built. "The rise of misinformation aimed at young girls across digital underscores an urgent need for credible resources, empowering products, and emotionally safe communities," said CEO and Founder, Meg Smith. Smith is not new to the space. Featured in The New York Times, Entrepreneur, and more, she brings a strong background in intimates as the founder of impact-driven brand Love, Lexxi, where she built product and community from the ground up with an ethical supply chain and renowned manufacturing partner. Smith is supported by a leadership team with decades of experience amongst them: Co-founder, Dr. Jessica Shepherd, Head of Strategic Growth & Corporate Affairs, Blake Simpson, Head of Brand & Community, Nell Shapiro, Head of Finance & Profitability, Meghan Couture, and Operations & CEO Advisor, Kim Walsh. "I've never been more excited about the team surrounding this brand. These are women who get it, who lead with heart and hustle, and who have the experience to not just move the needle - but redefine what's possible," says Smith. Cloudstate is currently in its Pre-Seed raise as the team prepares for two major launches: GTL (Girl Talk Live), a first-of-its-kind digital platform where girls can safely and anonymously ask the puberty, body, and mental health questions they're often too uncomfortable to ask elsewhere, connect with mentors, and access expert-backed advice in a fun, engaging environment, launching in July. This will be followed by an e-commerce debut of the brand's highly anticipated bra collection in the Fall to align with back-to-school. "Today's teen girls are navigating puberty and emotional development in a world no previous generation has known, one where their bodies, confidence, and mental health are influenced as much by social media algorithms as by their own biology," says Smith. "Cloudstate is letting Gen Z girls rewrite the rules of puberty culture. They have a lot to say and it's time we all listen." SOURCE: Cloudstate press release
