• Q1 net income jumped 160% to $28.3m
  • Sales fell 6% to $610m
  • Comparable store sales decreased 8%

Tight control of costs helped offset falling sales at American Eagle Outfitters Inc, enabling the teen apparel retailer to more than double its first-quarter profit.

While sales came in "lower than anticipated," according to CEO Jim O'Donnell, "a higher merchandise margin and the positive impact of our expense control initiatives contributed to the bottom line."

During the quarter, we continued to implement strategic initiatives across our brands that will position the business for improved performance in the second half of the year and fuel longer-term, profitable growth," said Jim O'Donnell, chief executive officer.

The company backed its full-year earnings estimate, and said second quarter sales have improved from the first quarter, reflecting better trends in key items.