© Reuters. A view of an American Eagle Outfitters store in Arlington, Virginia, U.S., June 1, 2021. REUTERS/Erin Scott
(Reuters) – American Eagle Outfitters (NYSE:) Inc on Tuesday beat Wall Street estimates for quarterly revenue, as a post-pandemic return to work and social events boosted consumer spending on its jeans and dresses despite rising inflation.
The company’s net revenue fell to $1.24 billion in the third quarter from $1.27 billion a year earlier. Analysts had expected revenue of $1.21 billion, according to IBES data from Refinitiv.
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