Updated from 4:51 p.m. EDT
SAN FRANCISCO -- Teen-clothing retailer
reported a 3% drop in same-store sales for October, noting slow traffic at its stores and weakness in women's apparel.
Analysts expected the company's same-store sales, or sales at stores open at least a year, would rise 0.8%. In the year-ago period, American Eagle recorded a 12% same-store sales increase.
The company said that October sales performed in line with its expectations, adding that it was able to manage through fall inventory and is comfortable with its merchandise mix as it enters the crucial holiday season.
Although same-store sales for the men's business in October increased in the mid-single digits, the women's business saw a high-single-digit decline, American Eagle said. Items such as graphic T-shirts, pants, accessories and outerwear were among the worst sellers for women.
By region, American Eagle recorded a same-store salesrise in Canada, but experienced declines everywhere in the U.S., with the biggest drop coming from the South.
After cutting its guidance last month, American Eagle reiterated its forecast for third-quarter earnings of 44 cents to 45 cents a share. Wall Street expects earnings of 45 cents a share.
American Eagle said its third-quarter sales rose 7% to $744.4 million from $696.3 million the year before. Same-store sales increased 2%. The company will release its full results on Nov. 27.
Fellow teen retailer
posted a 4.7% drop in same-store sales for October, slightly worse than analysts' expectation for a 4% drop.
For the third quarter, same-store sales decreased 3.1%. Total sales fell 4.2% to $188.5 million.
The company tightened its earnings forecast to a range of 14 cents to 15 cents a share. It previously forecast earnings in the range of 13 cents to 16 cents a share.
, a seller of action-sports goods, disappointed. The company cut its profit outlook for the year and posted a weaker-than-expected October sales gain.
Zumiez said it now sees full-year earnings of 92 cents to 94 cents a share, down from its August projection of 97 cents to 99 cents. Analysts, on average, targeted earnings of $1.01 a share.
The lowered guidance came after Zumiez recorded a 5.1% increase in October same-store sales, missing Wall Street's expectation for 6.8% growth.
For the third quarter, Zumiez estimates earnings 27 cents to 28 cents a share, below analysts' target of 33 cents.
Most other retailers will report their October sales Thursday morning.