Youth-oriented retailer American Eagle Outfitters Inc has blamed unseasonably warm weather for a year-on-year drop in third quarter earnings.

The Pennsylvania-based company, which markets casual clothing for 15- to 25-year-olds, saw third quarter earnings come in at $10.1 million, down from $27.1m recorded in the same period a year earlier.

Last week, the company warned it would miss analysts' estimate of 28 cents a share profit which, excluding a goodwill impairment charge, actually came in at 25 cents for the quarter.