Article: Specialty outpaces analysts' estimates.(American Eagle Outfitters Inc.)(Abercrombie & Fitch)

Article from:
WWD
Article date:
November 16, 2005
Author:
Copyright

Byline: Meredith Derby

NEW YORK -- Propelled by a 20.4 percent sales increase, American Eagle Outfitters Inc. beat Wall Street profit estimates by a penny while Abercrombie & Fitch Inc. raced past estimates on a 35.1 percent sales gain.

American Eagle said third-quarter profits jumped 27 percent as revenues were propelled by an increase in average store transactions. The company also said it has found a partner in Japan to begin its first expansion outside of North America and that it plans to launch an intimates subbrand targeted at core American Eagle customers.

In the three months ended Oct. 29, net earnings rose to $73.3 million, or 47 ...

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