March 6 American Eagle Outfitters Inc on
Wednesday reported a higher profit for the holiday quarter,
helped by fewer markdowns, but the teen clothing retailer gave a
weak sales forecast for the current quarter, citing a tough
economy and unfavorable weather.
Net income for the fourth quarter ended Feb. 2 rose to $94.8
million, or 47 cents per share, from $51.3 million, or 26 cents
per share, a year earlier. Same-store sales rose 4 percent.
The company, which competes with Aeropostale Inc and
Abercrombie & Fitch Co, said it expected same-store
sales this quarter to fall by a "mid-single-digit" percentage