Record-Breaking Revenue
Total revenue increased 6% to $1.4 billion, marking a third-quarter record. Operating income of $113 million exceeded guidance, and diluted EPS increased by 10% compared to the previous year.
Strong Performance from Aerie
Aerie's comps were up 11%, showing strength across all categories, including intimates, apparel, sleep, and Offline. The brand continues to see significant market opportunities.
Successful Marketing Campaigns
Collaborations with Sydney Sweeney and Travis Kelce generated over 44 billion impressions, increasing customer counts and loyalty by 4%.
Operational Improvements
The company successfully controlled costs and created efficiencies, resulting in a gross profit increase of 5% and improved buying, occupancy, and warehousing costs.
Positive Outlook for Fourth Quarter
The fourth quarter is off to an excellent start, prompting an increase in operating income guidance to a range of $155 million to $160 million.