American Eagle Outfitters tops same-store estimates

Earnings


American Eagle Outfitters‘ sales at established stores topped analysts’ estimates for the holiday shopping quarter, helped by robust demand for its Aerie line of lingerie.

The company’s comparable sales rose 8 percent in the fourth quarter ended Feb. 3, beating analysts’ average estimate of a 7.34 percent rise, according to Thomson Reuters I/B/E/S.

Net income rose to $93.96 million, or 52 cents per share, from $54.62 million, or 30 cents per share, a year earlier.

Net revenue rose to $1.23 billion from $1.10 billion.



Source link

Products You May Like

Articles You May Like

6 purchases you’ll regret putting on plastic
Start paying off your student loans as soon as possible, even before graduation
Israeli PM’s wife accused of fraud in ordering gourmet meals worth $100,000
Steel company JSW USA to add 1,000 new jobs: CEO
All global currencies will become cryptocurrencies, Circle CEO says

Leave a Reply

Your email address will not be published. Required fields are marked *