With sales momentum continuing, American Eagle Outfitters appears headed for a happy holiday season.
On Tuesday, AEO reported total revenue grew 6 percent in the third quarter to a record $1.36 billion, driven by a total comparable sales increase of 4 percent.
Comparable sales at the Aerie brand rose 11 percent. At the American Eagle brand, comparable sales rose 1 percent. AEO also operates the Offline by Aerie, Todd Snyder and Unsubscribed brands.
Net income rose 6.7 percent to $91.34 million, up from $80 million recorded in the year-ago period.
Gross profit of $552 million rose 5 percent from $527 million last year. The gross margin of 40.5 percent declined 40 basis points from last year. The net tariff impact was $20 million or 150 basis points to gross margin. Higher markdowns we

Women's Wear Daily Retail

America News
CNBC Investing
Fast Company Technology
Rutland Herald
WOWT Crime
Asheville Citizen Times
Reuters US Business
Cover Media