Jim O'Donnell

Pittsburgh -- American Eagle Outfitters reported Wednesday that sales for the quarter ended Oct. 29 rose 11% to $832 million, compared with $752 million in the year-ago period. Same-store sales increased 5% for the quarter, following a 1% rise for the same period last year. By banner, American Eagle posted a 5% comp increase and Aerie comps surged 8%. “Our third quarter results reflect stronger merchandise assortments and targeted promotions supported by strategic inventory investments,” said Jim O’Donnell, CEO.

Pittsburgh — American Eagle Outfitters net income more than doubled as the company cut costs to offset a sales decline. Net income for the three months ended April 30 rose to $28.3 million from $10.9 million last year. Its results met analyst expectations. Revenue decreasded 6% to $609.6 million,less than expected. Same-store sales fell 8%. While sales for the quarter came in lower than anticipated, we achieved EPS within our expected range,” said Jim O’Donnell, American Eagle CEO. “A higher merchandise margin and the positive impact of our expense control initiatives contributed to the bottom line. During the quarter,

American Eagle Outfitters has announced plans to open American Eagle Outfitters and Aerie by American Eagle stores in Japan. The first store is slated to open in Tokyo's Harajuku shopping district in the first half of 2012.

American Eagle Outfitters on Wednesday posted a 66% drop in its second-quarter net income as it was forced to slash prices on summer items and issued a weak forecast for the current back-to-school quarter."The second quarter was a challenging period, resulting in a miss to our sales and profit plans," CEO Jim O'Donnell said in a statement. "Given the inconsistencies in business trends and unpredictable consumer behavior, we have intensified our actions to improve efficiencies, streamline our process and strengthen profitability."For the three months ended in late July the teen retailer earned $9.7 million, down from last year's net