American Eagle Outfitters Q3 revenues rise 5 percent

American retailer of clothing and accessories American Eagle Outfitters said on Tuesday its Q3 revenue for 2018 rose by 5 percent. Profit increased by 32.8 percent from the same period last year.

The company’s sales in Q3 2018 were 1,004 million US dollars, up from 960 million US dollars a year earlier. Net profit increased to 85 million US dollars. The profit margin of the company increased to 8.5 percent compared to 6.7 percent a year ago.

American Eagle Outfitters Inc. Was founded in 1977 by Jerry Silverman, Mark Silverman and is based in Pittsburgh, Pennsylvania, United States. With a strong history of 38 years, the company operates two distinct lifestyle brands, American Eagle Outfitters and Aerie, focussed on the 15 to 25-year-old consumers. The brand is known worldwide for its t-shirts and hoodies.

Offering clothing, accessories and personal care products, the New York-listed company has about 40,000 employees worldwide and operates more than 1,000 stores.

For more recent news on the business, collections and executive changes of American Eagle Outfitters Inc., click here.

Picture:Facebook/American Eagle