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Article: American Eagle Outfitters Oct. sales fall
- Article from:
- AP Online
- Article date:
- November 5, 2009
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Teen apparel retailer American Eagle Outfitters Inc. said Thursday that sales in stores open at least a year fell 5 percent in October, missing analyst expectations that the key metric would increase.
Analysts surveyed by Thomson Reuters, on average, forecast an increase of 1.7 percent.
Sales at stores open at least a year are considered a key measure of retailer performance, because they measure growth at existing stores rather than from newly opened ones.
Total sales for the four weeks ended Oct. 31 fell 5 percent to $195.1 million.
Total sales for the third quarter, which also ended Oct. 31, fell 1 percent to $749 ...