American eagle outfitters reports second quarter results

American eagle outfitters reports second quarter results.q2 loss per share $0.08.q2 revenue $884 million versus refinitiv ibes estimate of $847.8 million.q2 earnings per share estimate $-0.16 -- refinitiv ibes data.american eagle outfitters - in q2, incurred incremental covid-19 expenses & restructuring charges of about $15 million pre-tax, or $0.05 per share after-tax.ending inventory declined 21%; aeo is well positioned for second half.by brand, american eagle revenue decreased 26% in quarter.at this point does not anticipate declaring a dividend for rest of this year.in quarter, co incurred incremental covid-19 expenses and restructuring charges of about $15 million pre-tax.for fiscal 2020, company continues to expect capital expenditures to be in range of $100 to $125 million.in quarter, co incurred restructuring charges of $3 million pre-tax.q2 digital demand, as measured by ordered sales, increased 48%.continues to expect capital expenditures to be in the range of $100 to $125 million for 2020.repaid $130 million in outstanding borrowings from its revolving credit facility during q2.ae brand inventory was significantly lower, as inventories were cut due to covid-19-related store closures in quarter.in the fall, co plans to continue inventory optimization initiatives to streamline assortments.
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