Lingerie brand Aerie's expansion to hit American Eagle profit
Share:
(Reuters) - American Eagle Outfitters Inc forecast third-quarter profit below expectations on Wednesday, as the retailer spends more on wages and advertising to support the expansion of its popular Aerie line of lingerie.Shares of the company fell as much as 13.3 percent in early trading, with quarterly same-store sales at Aerie missing Wall Street estimates for the first time in at least two years.Same-store sales at Aerie rose 27 percent in the second quarter. Analysts had expected the..