American Eagle Outfitters Inc. had a tough first quarter against strong year-ago results, but managed to see improved gross margins due to product cost benefits that include supply-chain efficiencies.
For the three months ended May 4, the specialty chain posted a 29.5 percent decline in net income to $28 million, or 14 cents a diluted share, from $39.7 million, or 20 cents, a year ago. On an adjusted basis excluding asset write-offs and special items, earnings were 18 cents a share, which beat Wall Street’s consensus expectations by 1 cent. Net revenues fell 4.1 percent to $679.5 million from $708.7 million, while consolidated comparable-store sales fell 5 percent against a 17 percent gain a year ago.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)