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Friday, June 04, 2010
American Eagle's weak Q2 view drags down shares
Reuters
During the quarter, total merchandise inventory for the company, that has leaned heavily on denims to attract girls, was $326 million, an increase of $47 million.
Wall Street Strategies analyst Brian Sozzi said the rising inventory would probably mean that the company would have to discount more, putting margins under pressure.
However, American Eagle was planning to cut down inventory in the second half of the year, as it looks to manage pricing and units better, it said on a conference call with analysts.
Link to full article: http://www.reuters.com/article/idUSN2513165120100526
Posted by Brian Sozzi, Research Analyst
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