US specialty retailer AEO’s August-October net income soars to $ 152 million


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American Eagle Outfitters (AEO), a United States-based specialty retailer of on-trend clothing, reported $ 1.27 billion in revenue, up 24% from revenue of $ 1. 03 billion dollars from the same period of the previous fiscal year. Net income for the quarter ended October 30, 2021 increased nearly 1.5 times to $ 152.2 million (Q3 FY20: $ 58.1 million).

American Eagle Outfitters (AEO), a United States-based specialty retailer of on-trend clothing, reported $ 1.27 billion in revenue, up 24% from revenue of $ 1. 03 billion dollars from the same period of the previous fiscal year. Net income for the quarter ended October 30, 2021 increased nearly 1.5 times to $ 152.2 million (Q3 FY20: $ 58.1 million).

“The work on our Real Power. Real growth. the value creation plan leads to significant improvements in our profitability thanks to the optimization of real estate and stocks; omnichannel and customer orientation; and our supply chain initiatives. The power of our brands, operations and talents is clearly evident and we work intensely to ensure that these strengths continue to propel AEO to new heights, ”said Jay Schottenstein, Executive Chairman of the Board and CEO of AEO, in a press release.

American Eagle Outfitters (AEO), a United States-based specialty retailer of on-trend clothing, reported $ 1.27 billion in revenue, up 24% from revenue of $ 1. $ 03 billion from the same period last fiscal year. Net income for the quarter ended October 30, 2021 increased nearly 1.5 times to $ 152.2 million (Q3 FY20: $ 58.1 million).

By segment, American Eagle revenue increased 21% to $ 941.0 million ($ 775.9 million). While Aerie’s revenue in the third quarter accelerated 28% to $ 315.0 million ($ 246.7 million).

American Eagle Outfitters (AEO), a United States-based specialty retailer of on-trend clothing, reported $ 1.27 billion in revenue, up 24% from revenue of $ 1. 03 billion dollars from the same period of the previous fiscal year. Net income for the quarter ended October 30, 2021 increased nearly 1.5 times to $ 152.2 million (Q3 FY20: $ 58.1 million).

The U.S. trend clothing retailer’s gross profit for the reported quarter jumped $ 564.5 million ($ 414.7 million), while selling, general and administrative expenses totaled $ 313.9 million ( $ 273.3 million).

American Eagle Outfitters (AEO), a United States-based specialty retailer of on-trend clothing, reported $ 1.27 billion in revenue, up 24% from revenue of $ 1. $ 03 billion from the same period last fiscal year. Net income for the quarter ended October 30, 2021 increased nearly 1.5 times to $ 152.2 million (Q3 FY20: $ 58.1 million).

“This quarter, we took another important step in the transformation of our supply chain with the planned acquisition of Quiet Logistics to ensure continued efficiency and provide a leading logistics platform with significant growth potential. With a focus on the customer, the teams have done a great job bringing in merchandise to meet the high demand this holiday season. I am extremely proud of the team’s ability to execute with precision in a time of volatility and have confidence that we will exceed $ 600 million in operating profit for the year, well above the target of $ 550 million for 2023, ”added Schottenstein.

Fibre2Fashion Information Office (JL)

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