American Eagle Outfitters Inc. (NYSE: AEO) reported Thursday that its sales rose in March, beating analyst expectations, according to Associated Press.
For the five weeks that ended April 3, sales in American Eagle stores open at least a year rose 15 percent. Analysts surveyed by Thomson Reuters expected 10.8 percent.
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Net sales for the month also rose 15 percent to $280 million, up from $243 million during the same period last year.
Total sales for the year-to-date nine-week period ended April 3 rose 11 percent to $468 million. Comparable store sales increased 11 percent for the year-to-date period.
The company also maintained its first-quarter guidance and said it expects an adjusted profit of 15 cents to 17 cents per share. That excludes certain one-time items and compares to an adjusted profit of 11 cents per share during the same period last year.
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