American Eagle forecasts quarterly sales above expectations


(Reuters) -Apparel retailer American Eagle Outfitters forecast third-quarter comparable sales above expectations on Wednesday, betting on the demand driven by promotions and rollout of new products.

The company sees quarterly comparable sales to rise in the low single digits, compared with analysts’ expectations of a 0.3% decline, according to data compiled by LSEG.

(Reporting by Neil J Kanatt in Bengaluru; Editing by Alan Barona)



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