American Eagle Beats Estimates as Aerie Sales Soar
Sales and profit margins at American Eagle Outfitters' (NYSE: AEO) lingerie and loungewear brand Aerie took flight in the second quarter helping to propel the retailer to a revenue and earnings beat, though it wasn't enough to lift the apparel company over the year-ago results.
American Eagle said net sales fell 15% year over year to $884 million, but that was due to the 26% decline in sales at its namesake stores. Aerie sales, on the other hand, surged 32% during the quarter, and that was on top of a 22% gain last year.
Image source: Aerie.
Source Fool.com
