American Eagle Outfitters' (AEO) gross profit of $552m rose 5$527m last year. The gross margin of 40.5% declined 40 basis points to last year. The net tariff impact was $20m or 150 basis points to gross margin. Higher markdowns were largely offset by positive sales and lower costs, including favorability in freight. Operating income increased from$106m to $112m while net income increased to$91m from $80m. “I’m extremely pleased with the significant trend change across our business reflecting dec ...