WARRENDALE, Pa., Nov 30, 2005 (BUSINESS WIRE) -- American Eagle Outfitters, Inc. (NASDAQ:AEOS) today
announced that total sales for the month ended November 26, 2005
increased 6.9% to a record $202.4 million, compared to $189.5 million
for the month ended November 27, 2004. Comparable store sales
increased 1.7% for the November period.
Total sales for the year-to-date forty-three week period ended
November 26, 2005 increased 25.1% to $1.747 billion, compared to
$1.397 billion for the forty-three week period ended November 27,
2004. Comparable store sales increased 17.4% for the year-to-date
period.
November sales were below management's expectations. Based on the
company's current view of business, management is revising its fourth
quarter earnings guidance to $0.70 to $0.72 per share from $0.73 to
$0.75 per share. Earnings estimates include a tax charge of
approximately $0.02 related to the repatriation of foreign earnings.
Last year, the Company's fourth quarter earnings were $0.70 per share
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 799 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. The company plans to open
MARTIN + OSA, a new sportswear concept targeting 25 to 40 year old
women and men, in the fall of 2006. For additional information and
updates, visit www.martinandosa.com.
"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 holiday assortments are not well received, and as a
result, our fourth quarter sales, markdowns and/or earnings
expectations may not be achieved, and those other risks described in
the "Management's Discussion and Analysis of Financial Condition and
Results of Operations" section of 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.
SOURCE: American Eagle Outfitters, Inc.
American Eagle Outfitters, Inc.
Judy Meehan, 724-776-4857
OR
Financial Media Contact:
Berns Communications Group
Stacy Berns or Melissa Jaffin, 212-994-4660