American Eagle quarterly profit rises as sales fall
American Eagle Outfitters Inc
Earnings from continuing operations in the company's holiday fourth quarter were $87 million or 44 cents per share, up from $79.6 million or 38 cents per share a year earlier.
Sales fell 4 percent to $916 million.
American Eagle said it expects same-store sales in the range of flat to down 3 percent in the first quarter.
Shares were roughly flat at $14.85 during premarket trading.
© Copyright Thomson Reuters 2023. All rights reserved.
Join the Discussion