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American Eagle profit up
New York -- American Eagle Outfitters earned a better-than-expected $39.7 million for the quarter ended April 28, compared with $28.3 million in the same period last year.
The company had said earlier first-quarter sales rose 18% to $719 million. Same-store sales were up 17%.
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Hhgregg Q4 profit surges on insurance payout
Indianapolis -- Hhgregg Inc.'s fiscal fourth-quarter earnings jumped as the chain collected $39.6 million in life insurance proceeds due to the death of executive chairman and former CEO Jerry W. Throgmartin.
Throgmartin, who died Jan. 22 at age 57, served as chairman and CEO of Hhgregg from 2003 to 2009 and led it through a 2007 initial public offering of stock. Hhgregg said Wednesday it collected the proceeds from a "key man" life insurance policy.