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Actionable news in AEO: AMERICAN EAGLE OUTFITTERS,

American Eagle profit, sales rise above forecasts

American Eagle Outfitters Inc. on Wednesday said comparable-store sales, profit and revenue rose in the latest quarter as results topped expectations.

In the quarter, American Eagle posted 3% overall comparable sales growth, compared with the 2.8% that analysts polled by Thomson Reuters were expecting.

At its namesake brand, comparable sales rose 1% while at its lingerie brand, Aerie, sales increased 24%.

The Pittsburgh-based retailer expects to make 40 cents to 41 cents a share in profit in the third quarter and forecast comparable stores sales would improve in the low single digits. American Eagle has recently started a turnaround...


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