Aerie continued to charge higher in the first quarter, propelling American Eagle Outfitters Inc. to record sales to start off the year.
The label, founded as a subbrand in 2006, pushed first-quarter revenues up 33 percent to $480.8 million with a 25 percent comparable sales increase.
That offset declines at American Eagle division, which saw revenues slip 2.2 percent to $678.5 million. Comps declined by 2 percent.
All together, the company logged record revenues of $1.2 billion, an increase of 10 percent for the quarter ended May 2. Analysts had a slightly milder $1.18 billion penciled in, according to Yahoo Finance.
That growth helped the bottom line.
