American Eagle Outfitters Inc. on Wednesday set out a new strategy of building inventory in “heritage” categories such as denim to reclaim lost market share as the teen chain reported that it doubled net income against a year-ago quarter that was hurt by losses from discontinued operations.
In the three months ended April 30, the Pittsburgh-based specialty chain registered net income of $28.3 million, or 14 cents a diluted share, compared with profits of $10.9 million, or 5 cents a share, in the year-ago quarter. Excluding extraordinary items, such as the year-ago loss from discontinued operations, income from continuing operations was $14.6 million versus $17.8 million in the year-ago quarter.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
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