American Eagle Outfitters said teens are responding well to its jeans, knit tops, sweaters and its planned promotions, all of which contributed to a 1 percent increase in August sales at stores open at least a year.
Results for the South Side retailer's Martin + Osa stores, all of which were closed during the quarter, were not included in the results.
American Eagle this morning reported total sales in the four weeks ended Aug. 28 rose 3 percent to $312 million, compared to $304 million in the same period a year ago.
So far, sales have been "consistent with plan," according to a recorded sales commentary by Judy Meehan, vice president of investor relations.
The company is sticking with its projections that third quarter comparable store sales will be flat to down slightly, as store traffic may slow after the peak back-to-school shopping. Earnings from continuing operations are expected to be the range of 23 to 26 cents per share.
Analysts polled by Thomson Financial are looking, on average, for earnings per share of 25 cents.
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