American Eagle quarterly profit falls
NEW YORK (Reuters) - Teen retailer American Eagle Outfitters Inc (AEO.N) said on Wednesday that quarterly net income fell, amid lower customer traffic, weak sales, and competition from rivals.
The mall-based chain known for colorful, preppy fashions for young men and women said net income for its fiscal fourth quarter ended February 2 was $140.48 million, or 66 cents per share, compared with $150.16 million, or 66 cents per share, a year ago.
The company had fewer shares outstanding in the most recent quarter, which boosted per-share results.
(Reporting by Nicole Maestri, editing by Gerald E. McCormick)