U.S. professional retailer AEO’s August-October net profit surges to $ 152 million

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American Eagle Outfitters (AEO), a U.S.-based specialty retailer of trendy clothing, increased 24% to $ 1.27 billion in revenue of $ 1.03 billion in the year-ago quarter. Achieved profits. Net income for the quarter ended October 30, 2021 increased nearly 1.5 times to $ 152.2 million (third quarter 2010: $ 58.1 million).

American Eagle Outfitters (AEO), a U.S.-based specialty retailer of trendy clothing, increased 24% to $ 1.27 billion in revenue of $ 1.03 billion in the year-ago quarter. Achieved profits. Net income for the quarter ended October 30, 2021 increased nearly 1.5 times to $ 152.2 million (third quarter 2010: $ 58.1 million).

“Working on our real power. Real growth. Value creation planning drives meaningful improvements in profitability through real estate and inventory optimization. Omni-channel and customer focus. And our supply chain. The initiative. The power of our brand, operations and talents is clear and we are focused on ensuring that these strengths continue to take AEO to new heights. ” Jay Schottenstein, Chairman and Chief Executive Officer of AEO Board of Directors, In a press release.

American Eagle Outfitters (AEO), a U.S.-based specialty retailer of trendy clothing, increased 24% to $ 1.27 billion in revenue of $ 1.03 billion in the year-ago quarter. Achieved profits. Net income for the quarter ended October 30, 2021 increased nearly 1.5 times to $ 152.2 million (third quarter 2010: $ 58.1 million).

By segment, American Eagle revenue was up 21% to $ 941 million ($ 775.9 million). Meanwhile, Aerie’s revenue in the third quarter increased 28% to $ 315 million ($ 246.7 million).

American Eagle Outfitters (AEO), a U.S.-based specialty retailer of trendy clothing, increased 24% to $ 1.27 billion in revenue of $ 1.03 billion in the year-ago quarter. Achieved profits. Net income for the quarter ended October 30, 2021 increased nearly 1.5 times to $ 152.2 million (third quarter 2010: $ 58.1 million).

Gross profits for US trend clothing retailers in the reported quarter surged to $ 564.5 million ($ 414.7 million), with selling, general and administrative expenses totaling $ 313.9 million (273.3 million). It became (dollar).

American Eagle Outfitters (AEO), a U.S.-based specialty retailer of trendy clothing, increased 24% to $ 1.27 billion in revenue of $ 1.03 billion in the year-ago quarter. Achieved profits. Net income for the quarter ended October 30, 2021 increased nearly 1.5 times to $ 152.2 million (third quarter 2010: $ 58.1 million).

“This quarter, we plan to acquire Quiet Logistics to ensure continuous efficiency and procure a state-of-the-art logistics platform with significant growth potential, which is a key next step in supply chain transformation. With our customer first focus, the team did a great job of bringing in goods to meet the strong demands of this holiday season. The ability of the team to do exactly when there is volatility. We are very proud of ourselves and are confident that our annual operating income will exceed $ 600 million, well above our 2023 target of $ 550 million, “added Schottenstein.

Fiber2Fashion News Desk (JL)

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U.S. professional retailer AEO’s August-October net profit surges to $ 152 million

Source link U.S. professional retailer AEO’s August-October net profit surges to $ 152 million

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