BRIEF: American Eagle Outfitters profit up almost 50 percent
Nov 28, 2012 (Menafn - The Pittsburgh Tribune-Review - McClatchy-Tribune Information Services via COMTEX) --American Eagle Outfitters Inc. reported a 78.6 million profit for the August through October quarter, up nearly 50 percent from a year ago.
The latest profit amounts to 39 cents a share, including a 2-cent loss from discontinued operations related to the company's exit from its 77kids children's clothing business. A year ago, the South Side-based retailer reported a 52.4 million third-quarter profit, or 27 cents a share.
Sales increased 11 percent to 910 million.
"Our third quarter reflected ongoing business momentum, profitable sales growth and a leading brand and product driven customer experience, " CEO Robert Hanson said.
Kim Leonard is a staff writer for Trib Total Media. She can be reached at 412-380-5606 or firstname.lastname@example.org.
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