The retailer, which withdrew its annual forecast in April, has expert a fall in need for its jeans and popular Aerie brand name apparel, which include intimates and athleisure.
The Aerie brand name recorded a revenue drop of 2%, compared with a 28% rise a year ago. Earnings at the American Eagle label fell forty five% all through the quarter.
The company also suspended its 2nd-quarter dividend and does not anticipate declaring a dividend for the relaxation of this year to protect liquidity.
American Eagle also claimed its web loss stood at $257.2 million, or $1.fifty four for every share, compared with a earnings of $40.eight million, or 23 cents for every share, a year previously, largely because of to an impairment demand