American Eagle Outfitters posts Q2 loss, revenues drop 15 percent

American Eagle Outfitters, Inc. has reported EPS of negative 8 cents for the 13 weeks ended August 1, 2020 compared to 38 cents for the 13 weeks ended August 3, 2019, and adjusted EPS of negative 3 cents compared to adjusted EPS of 39 cents last year. Total net revenue for the quarter decreased 157 million dollars or 15 percent to 884 million dollars, which the company said, largely reflected store closures during the second quarter and revenue in the year-ago period also included 40 million dollars from Japanese license royalties.