Shares in the clothing retailer fell eight% in premarket trading as 2nd-quarter digital product sales declined five% from a yr earlier.
Big stores which includes Focus on Corp and Hole Inc have noted a slowdown in digital product sales in their most recent quarterly reviews, although they stay larger compared with pre-pandemic amounts.
American Eagle’s consolidated revenue from its actual physical suppliers amplified 73% from a yr earlier in the 2nd quarter finished July 31.
The company’s Aerie brand, which sells function-from-residence favorites lingerie and lounge use, posted a 34% increase in revenue to $336 million, whilst American Eagle label product sales jumped 35% to $846 million.
Full web revenue jumped to $1.19 billion from $883.five