American Eagle Outfitters soars in Q2 but outlook disappoints

Chain Store Age
American Eagle Outfitters topped analysts’ estimates in the second quarter amid its 14th consecutive quarter of same-store sales growth, buts its third-quarter earnings outlook fell short.

The teen apparel retailer reported net income of $60.3 million, or 34 cents a share, in the quarter, up from $21.2 million, or 12 cents a share, in the year-ago period. Analysts had expected earnings of 31 cents a share.

Revenue rose to $964.9 million from $844.6 million, which was better than expected. Consolidated same-store sales rose 9%, also more than expected. . . . more