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.
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