Double-digit percentage gains in both third-quarter income and sales at teen retailer American Eagle Outfitters lifted its shares 7.1 percent Wednesday.
For the three months ended Oct. 27, net income rose 50 percent to $78.6 million, or 39 cents a diluted share, from $52.4 million, or 27 cents, last year. Net sales rose 11.1 percent to $910.4 million from $819.4 million. Comparable-store sales, including AE Direct, gained 10 percent in the quarter, compared with the 7 percent increase last year.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"