PITTSBURGH, United Staes — American Eagle Outfitters Inc. beat market estimates for fourth-quarter revenue on Wednesday, benefiting from higher demand for the apparel retailer's jeans and Aerie label, which includes intimate wear and activewear.
The company's shares were up 5 percent in after-market trade.
Total net revenue rose to $1.31 billion in the three months ended February 1, from $1.24 billion a year earlier, above the average analysts' estimate of $1.27 billion, according to IBES data from Refinitiv.
Net income fell to $4.8 million, or 3 cents per share, from $76.2 million, or 43 cents per share, a year earlier, as the company took an impairment, restructuring and related charges of about $76 million pre-tax charge.
By Praveen Paramasivam; editor: Shailesh Kuber