American Eagle Q3 sales rise 11%

Pittsburgh -- American Eagle Outfitters reported Wednesday that sales for the quarter ended Oct. 29 rose 11% to $832 million, compared with $752 million in the year-ago period. Same-store sales increased 5% for the quarter, following a 1% rise for the same period last year. By banner, American Eagle posted a 5% comp increase and Aerie comps surged 8%. “Our third quarter results reflect stronger merchandise assortments and targeted promotions supported by strategic inventory investments,” said Jim O’Donnell, CEO.