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American Eagle Outfitters soars in Q2


American Eagle Outfitters’ profit, revenue and same-store sales increased in the second quarter, with its results topping expectations.

The chain posted a profit of $41.6 million for the quarter, up 25% from $33.3 million in the year-ago quarter.

Total net revenue increased 3% to $823 million, from $797 million in the year-ago period.

Consolidated same-store sales increased 3%.

“For the past few years, we have worked hard to lift our brands through merchandise leadership and innovation, strengthen our customer focus and invest in technology,” said Jay Schottenstein, CEO. “Our efforts around these priorities are clearly paying off, as again evidenced by our strong earnings growth in the second quarter.”
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