US-based teen clothing retailer American Eagle Outfitters has posted a 3.2 per cent increase in sales in the fourth quarter ending January 30, 2016. The growth has come as Aerie brand performed well in the holiday season last year.
The retailer said that comparable sales for Aerie brand, which sells intimates and personal care products for women, surged by 26 per cent in the reporting period, surpassing the 13.5 per cent rise that analysts estimated by Consensus Metrix polling.
The brand has also profited from monitoring inventories for better margins and responding faster to changing fashion trends in the market. As a result of this, net revenue at American Eagle zoomed to US $ 1.11 billion from US $ 1.07 billion in the corresponding period last year.
In the period under review, retailer’s net income increased to US $ 81.7 million, or 42 cents per share as against US $ 61.6 million, or 32 cents per share, a year earlier.
Also Read – Abercrombie & Fitch posts surge in comparable sales
The positive results from brands like American Eagle Outfitters and Abercrombie & Fitch suggest that teen apparel retailers are becoming popular among young shoppers yet again who were going for fast-fashion firms like Zara, H&M, GAP among others.
Headquartered in Pittsburgh, Pennsylvania, American Eagle Outfitters operates more than 1,000 stores.
Bharat Tex Special Report 2026 
