Home / Knowledge / News / Apparel/Garments / American Eagle Outfitters' net revenue rises 8% in Q3 2015
American Eagle Outfitters' net revenue rises 8% in Q3 2015
10
Dec '15
American Eagle Outfitters Inc, a specialty retailer for trendy apparel and accessories based in US, reported a rise of 8 per cent in net revenue in the third quarter of 2015, ending on October 31, to $919 million as compared to $854 million in the corresponding quarter of 2014, according to a press statement released by the company.

For the third quarter of 2015, the company reported a rise of 59 per cent in its Earnings per Share (EPS) from continuing operations of $0.35 as compared to the adjusted EPS of $0.22 for the corresponding quarter of 2014.

Consolidate comparable sales increased 9 per cent as compared to a decrease of 5 per cent last year.

Gross profit increased 17 per cent to $368 million, and the gross margin rate leveraged 310 basis points to 40 per cent. Operating income increased to $109 million from $74 million last year, and the operating margin expanded 320 basis points to 11.9 per cent as a rate to revenue.

Commenting on the results, Jay Schottenstein, CEO of American Eagle Outfitters said, “We are extremely pleased with our third quarter results. Both the American Eagle and Aerie brands performed exceptionally well, delivering increased sales and profitability. It is gratifying to see positive momentum, which speaks volumes to the strength of our teams, brands and operations.”

“The holiday season is off to a solid start, and we are optimistic as we look ahead. We will continue executing on our priorities to further strengthen and grow our business, while delivering returns to shareholders,” he added.

Based on an anticipated mid single-digit increase in comparable sales, management expects fourth quarter 2015 EPS to be approximately $0.40 to $0.42. This guidance excludes potential asset impairment and restructuring charges, and compares to EPS from continuing operations of $0.36 last year. (MCJ)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search