Clothing Brand American&Nbsp; Eagle First Quarter Profit Margin Decline
American green
Junior apparel retailers
Compared with the same period last year, AmericanEagle's revenue exceeds its cost in the first quarter, but sales and profit margins continue to decline.
Jim Odonnell, chief executive of the company, said: "in the current quarter, we will continue to implement our brand strategy plan, which will contribute to our profitable growth in the second half of this year."
AmericanEagle
The company's recent sales are getting lower and lower, but the company spent most of last year.
Sales volume
The price reduction has been improved during the recession.
It also made plans for closing stores and reducing staff in the future.
The company's revenue fell by 6%, to $606 million 900 thousand, which was not consistent with analysts' forecast of $637 million.
The net interest rate dropped from 39.7% to 38%, while sales, daily expenses and administrative expenses dropped by 6%, to 158 million dollars.
The sales of the same store decreased by 8% compared with 5% last year.
Total merchandise inventories rose by 2% to $332 million.
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