AMERICAN EAGLE OUTFITTERS, INC.
NASDAQ : AEOS

AMERICAN EAGLE OUTFITTERS, INC.

January 05, 2005 16:00 ET

American Eagle Outfitters Reports Record December Sales of $375.0 Million, an Increase of 41.2%; Same Store Sales Increased 32.8%; Raises Fourth Quarter EPS Guidance


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: AMERICAN EAGLE OUTFITTERS

NASDAQ SYMBOL: AEOS

JANUARY 5, 2005 - 16:00 ET

American Eagle Outfitters Reports Record December
Sales of $375.0 Million, an Increase of 41.2%; Same
Store Sales Increased 32.8%; Raises Fourth Quarter EPS
Guidance

WARRENDALE, Pa.--(CCNMatthews - Jan 5, 2005) -

American Eagle Outfitters, Inc. (NASDAQ:AEOS) today announced sales
results for the December 2004 period. Due to the recent disposition of
the Bluenotes business, all sales data for all periods reflect only the
American Eagle business.

Total sales for the month ended January 1, 2005 increased 41.2% to
$375.0 million, compared to $265.5 million for the month ended January
3, 2004 Comparable store sales increased 32.8% for the December period.

Total sales for the eleven month period ended January 1, 2005 increased
31.0% to $1.772 billion from $1.352 billion for the comparable period
ended January 3, 2004. Comparable store sales increased 21.4% for the
eleven month period.

Based on strong December results, the company is raising its fourth
quarter earnings guidance to a range of $1.30 to $1.31 per share, from
continuing operations. The company's guidance excludes the charge of
$0.08 to $0.11 per share from discontinued operations related to the
disposition of the Bluenotes business. The company's previous fourth
quarter EPS guidance was $1.08 to $1.10 from continuing operations.

To access our recorded monthly sales commentary, please call
800-642-1687, conference code #3282124.

American Eagle Outfitters (NASDAQ: AEOS) is a leading lifestyle retailer
that designs, markets, and sells its own brand of relaxed, casual
clothing for 15 to 25 year olds, providing high-quality merchandise at
affordable prices. AE's collection includes modern basics like jeans,
cargo pants, and graphic Ts as well as a stylish assortment of cool
accessories, outerwear and footwear. American Eagle Outfitters currently
operates 780 AE stores in 49 states, the District of Columbia and Puerto
Rico, and 69 AE stores in Canada. AE also operates via its Web business,
www.ae.com, which offers additional sizes and styles of favorite AE
merchandise.

"Safe Harbor" Statement under the Private Securities Litigation Reform
Act of 1995: This release contains forward-looking statements, which
represent our expectations or beliefs concerning future events,
specifically regarding fourth quarter earnings. All forward-looking
statements made by the Company involve material risks and uncertainties
and are subject to change based on factors beyond the Company's control.
Such factors include, but are not limited to the risk that our fourth
quarter sales, markdowns and/or earnings expectations may not be
achieved, and those other risks described in the Company's filings with
the Securities and Exchange Commission. Accordingly, the Company's
future performance and financial results may differ materially from
those expressed or implied in any such forward-looking statements. The
Company does not undertake to publicly update or revise its
forward-looking statements even if future changes make it clear that
projected results expressed or implied will not be realized.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    American Eagle Outfitters
    Laura Weil or Judy Meehan, 724-776-4857