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This apparel retailer had a great quarter
Not all teen apparel retailers are struggling. Just ask American Eagle Outfitters.
The company reported a better-than-expected rise in quarterly sales and profit as demand for its products rose even amid a sluggish retail environment.
American Eagle’s net income surged 39.3% to $40.5 million, or 22 cents per share, in the quarter ended April 30.
Net revenue increased 7% to $749.4 million. Same-store sales increased 6%, on top of a 7% increase in the year-ago period.

