WARRENDALE, PA., March 7 /CNW/ - American Eagle Outfitters, Inc.
(NASDAQ: AEOS) today announced that total sales for the four weeks ended March
3, 2007 were $166.3 million, an increase of 16% compared to $143.1 million for
the four week period ended February 25, 2006. Due to the 53rd week in fiscal
2006, February 2007 comps are compared to the four week period ended March 4,
2006. On this basis, the company delivered a comparable store sales increase
of 6%, compared to 8% for same period last year.
February delivered a positive kick-off to the spring season, driven by an
on-trend spring assortment and continued strength in key item businesses.
Sales performance was led by improved in-store traffic and increased
At this time, the company is establishing first quarter earnings guidance
of $0.31 to $0.33 per share, compared to $0.28 per share last year.
To access the company's 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. Eastern Time 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 7, 2007 at 12:00 p.m. Eastern Time
through March 21, 2007 by dialing 800-642-1687 and referencing confirmation
About American Eagle Outfitters:
American Eagle Outfitters, Inc. (Nasdaq: AEOS) is a leading retailer that
operates under the American Eagle Outfitters and MARTIN + OSA brands.
American Eagle Outfitters designs, markets and sells its own brand of
laidback, current clothing targeting 15 to 25 year-olds, providing
high-quality merchandise at affordable prices. AE's original collection
includes standards like jeans and graphic Ts as well as essentials like
accessories, outerwear, footwear, basics and swimwear. American Eagle
currently operates 834 stores in 50 states, the District of Columbia and
Puerto Rico, and 72 AE stores in Canada. American Eagle also operates ae.com,
which offers additional sizes and styles of favorite AE merchandise and ships
around the world. The American Eagle brand also includes a new collection of
dormwear and intimates, "aerie by American Eagle." aerie is available in
American Eagle stores across the country and at aerie.com. It includes bras,
undies, camis, hoodies, robes, boxers, sweats and leggings for the AE girl.
Designed to be sweetly sexy, comfortable and cozy, aerie offers AE customers a
new way to express their personal style everyday, from the dormroom to the
coffee shop to the classroom.
The company introduced MARTIN + OSA, a new sportswear concept targeting
25 to 40 year-old women and men. MARTIN + OSA carries apparel, accessories and
footwear, using denim and sport inspiration to design fun and sport back into
sportswear. MARTIN + OSA currently operates six stores. For additional
information and updates, visit 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
first 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 the company's first quarter earnings expectations may
not be achieved and those other risks described in the Risk Factor Section of
the company's Form 10-K and Form 10-Q filed 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.
For further information:
For further information: American Eagle Outfitters, Inc. Judy Meehan,
724-776-4857 OR Financial Media Contact Berns Communications Group Stacy Berns
or Melissa Jaffin, 212-994-4660