AMERICAN EAGLE OUTFITTERS, INC.

AMERICAN EAGLE OUTFITTERS, INC.

March 02, 2005 07:30 ET

American Eagle Outfitters Reports Record February Sales of $127.0 Million, an Increase of 41.8%; Same Store Sales Increased 32.4%; Raises First Quarter EPS Guidance


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: AMERICAN EAGLE OUTFITTERS, INC.

NASDAQ SYMBOL: AEOS

MARCH 2, 2005 - 07:30 ET

American Eagle Outfitters Reports Record February
Sales of $127.0 Million, an Increase of 41.8%; Same
Store Sales Increased 32.4%; Raises First Quarter EPS
Guidance

WARRENDALE, Pa.--(CCNMatthews - Mar 2, 2005) -

American Eagle Outfitters, Inc. (NASDAQ:AEOS) today announced that total
sales for the month ended February 26, 2005 increased 41.8% to a record
$127.0 million, compared to $89.5 million for the month ended February
28, 2004. Comparable store sales increased 32.4% for the February
period.

Based on strong February results, the company is raising its first
quarter earnings guidance to a range of $0.52 to $0.54 per share,
compared to $0.36 per share from continuing operations last year. The
company's previous first quarter earnings guidance was $0.43 to $0.45
per share.

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

In a separate press release issued this morning, the company announced
its fourth quarter financial results. Management will hold a conference
call to discuss the results at 9:00 a.m. (EST) this morning. To listen
to the call please dial (877) 601-0864 five to seven minutes prior to
the scheduled start time. The conference call will also be
simultaneously broadcast over the Internet at www.ae.com or
www.streetevents.com. Anyone unable to listen to the call can access a
replay beginning March 2, 2005 at 1:00 p.m. (EST) through March 16, 2005
by dialing (800) 642-1687 and referencing confirmation code #3521324.

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 777 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 first quarter sales and 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 first 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, Inc.
    Laura Weil or Judy Meehan, 724-776-4857