American Eagle reports quarter-to-date brand revenue down 3%

American Eagle announced that fourth quarter-to-date brand revenue, through Saturday, January 7, is down approximately 3%, on the higher end of expectations, with American Eagle tracking slightly ahead and Aerie in line with expectations. Quiet Logistics is expected to add two percentage points to fourth quarter brand revenue. Gross margins are now expected to be on the high end of the company’s guidance of 32%-33%, reflecting controlled promotions fueled by strong inventory management. Current inventory is well-positioned with quarter-end inventories expected to be down compared to last year, in-line with prior guidance.