May 31, 2018 / 12:31 PM / 5 months ago

American Eagle Outfitters reports record Q1 sales

May 31 (Reuters) - American Eagle Outfitters Inc reported a record better-than-expected rise in quarterly comparable sales on Thursday helped again by strong demand for its Aerie line of lingerie.

The company's comparable sales rose 9 percent, in the first quarter ended May 5, beating analysts' average estimate of a 5.8 percent increase, according to Thomson Reuters I/B/E/S.

Net income rose to $39.9 million, or 22 cents per share, in the quarter, from $25.2 million, or 14 cents per share, a year earlier.

Net revenue rose 8 percent to $823 million. (Reporting by Melissa Fares in New York)

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