Operating income for the quarter increased 18% to $116.0 million from $98.3 million last year. As a percent to sales, operating income increased to 18.9%, a 10 basis point improvement compared to 18.8% last year.
Other income for the first quarter was $11.3 million compared to $8.1 million last year. The increase reflected a higher investment yield compared to last year.
Net income increased 23% to $78.8 million compared to $64.2 million last year. As a percent to sales net income was 12.9% compared to 12.2% last year. Earnings per diluted share increased 25% to $0.35 compared to $0.28 last year.
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American Eagle Outfitters Inc
marketing@alchempro.com
