• Daphne Howland
• 07 Mar, 2019

Consolidated comparable sales rose 6% year over year (following an 8% increase in the year-ago quarter), the 16th straight quarter of positive comps, the company said. By brand, American Eagle comps rose 3%, and Aerie comps rose 23%, the lingerie brand's 17th consecutive quarter of double-digit comp growth. Gross profit in the quarter increased by $5 million or 1% to $431 million, and the gross margin rate was flat at 34.6% as lower markdowns were offset by higher distribution and compensation..
Read more...