American Eagle Outfitters raises full-year outlook
Pittsburgh -- American Eagle Outfitters Inc. said that its net income fell 4% in the second quarter as the retailer dealt with charges related to the closing of its children’s division, 77kids, which included 22 stores and the online business. But its adjusted results met analysts' estimates, and the company raised its full-year outlook.
For the second quarter that ended July 28, American Eagle earned $19.03 million, compared with $19.7 million last year.
Sales rose 11% to $739.7 million. Same-store sales, including AE Direct, increased 9%. Online sales for AEO Direct, which includes ae.com and aerie.com, rose 28%.