Abercrombie & Fitch, Aeropostale and American Eagle
Outfitters will no longer announce monthly results. Publicly-traded companies
in the past have argued the monthly number puts too much emphasis on short-term
results.
"The shift enables American Eagle to align its reporting schedule with the company's long-term strategic focus," Jani Strand, a spokesperson for American Eagle, told Bloomberg News in an e-mail.
Many analysts, if not most, prefer chains stick to monthly reports.
Michael Baron, an analyst for Baron Capital, told Bloomberg, "The more information the better. More information helps us determine the true value of the company."
Another analyst, Brian Sozzi of Wall Street Strategies, called the practice of monthly reporting "archaic" and that having three chains stop at once "makes it easier for others to follow."