AMERICAN EAGLE OUTFITTERS, INC.
NASDAQ : AEOS

AMERICAN EAGLE OUTFITTERS, INC.

July 06, 2005 16:02 ET

American Eagle Outfitters Reports Record June Sales of $197.4 Million, an Increase of 37.3%; Same Store Sales Increased 28.0%; Raises Second Quarter EPS Guidance

WARRENDALE, Pa.--(CCNMatthews - Jul 6, 2005) -

American Eagle Outfitters, Inc. (NASDAQ:AEOS) today announced that total sales for the month ended July 2, 2005 increased 37.3% to a record $197.4 million, compared to $143.8 million for the month ended July 3, 2004. Comparable store sales increased 28.0% for the June period.

Total sales for the year-to-date twenty-two week period ended July 2, 2005 increased 34.7% to $792.3 million, compared to $588.1 million for the twenty-two week period ended July 3, 2004. Comparable store sales increased 25.4% for the year-to-date period.

Based on strong results in June, the company is raising its second quarter earnings guidance to $0.34 to $0.35 per share, which compares to earnings per share of $0.22 from continuing operations in the second quarter of last year, representing 55% to 59% EPS growth. The company's previous second quarter earnings guidance was $0.32 to $0.33 per share.

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 779 AE stores in 50 states, the District of Columbia and Puerto Rico, and 71 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 second 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 back-to-school assortment, which arrives in stores the second week of July, is not well accepted and as a result, our second 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.

Contact Information

  • American Eagle Outfitters, Inc.
    Laura Weil or Judy Meehan, 724-776-4857