American Eagle Outfitters merchandise margins shrank in Q2
American Eagle Outfitters said merchandise margins shrank in the second quarter. The company said merchandise margins shed 3.3 percentage points due to promotional markdowns at its American Eagle namesake brand, offsetting improvement at Aerie.
American Eagle Outfitters said merchandise margins shrank in the second quarter as its core American Eagle brand remained slow to return to growth. 3 percentage points, with promotional markdowns at the namesake brand offsetting improvement in Aerie.