American eagle outfitters reports first quarter results

American eagle outfitters reports first quarter results.q1 loss per share $1.54.q1 revenue $552 million versus refinitiv ibes estimate of $634.3 million.q1 earnings per share estimate $-0.29 -- refinitiv ibes data.q1 adjusted loss per share $0.84.co's qtrly digital demand, as measured by ordered sales, increased 33%.american eagle outfitters - in q1 2020, incurred impairment & restructuring charges of about $156 million pre-tax, or $0.70 per share after-tax.american eagle outfitters - q1 impairment & restructuring charges primarily reflecting impairments of 272 stores due to covid-19-related store closures.total ending inventory at cost decreased $34 million or 8% to $422 million in quarter.american eagle outfitters - continues to clear through ae spring,summer merchandise to position both brands for new back-to-school collections in late july.american eagle outfitters - reduced fiscal 2020 capital spending plans to range of $100 to $125 million.american eagle outfitters - suspended q2 dividend and at this point does not anticipate declaring dividend for rest of this year.
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