American Eagle Outfitters tops same-store estimates


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

Defaults, distrust and risks to the economy: The student debt crisis
Apple’s iPhone XS and XS Max go on sale globally
Micron CEO on the future of the company amid looming tariffs
Why China has much more to lose in a trade war
Why there may be something fishy about your seafood

Leave a Reply

Your email address will not be published.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