Reiterates Fourth Quarter EPS Guidance
PITTSBURGH, December 5 /CNW/ - American Eagle Outfitters, Inc. (NYSE: AEO)
today announced that total sales for the four weeks ended December 1, 2007
were $285.8 million, an increase of 16% compared to $247.0 million for the
four weeks ended November 25, 2006. Due to the 53rd week in fiscal 2006,
November 2007 comps are compared to the four week period ended December 2,
2006. On this basis, comparable store sales were flat, compared to a 10%
increase for the same period last year.
November sales reflected uneven store traffic throughout the month. Yet
traffic was strong over the Thanksgiving weekend and management was pleased
with sales, which averaged a mid single-digit comp increase during the 3-day
Total sales for the year-to-date 43 week period ended December 1, 2007
increased 13% to $2.346 billion, compared to $2.068 billion for the 43 week
period ended November 25, 2006. Comparable store sales increased 3% for the
The company reiterated its fourth quarter earnings guidance of $0.67 to
$0.70 per share, compared to $0.66 per share last year.
To access the company's recorded monthly sales commentary, please dial
(866) 514-0390, or internationally dial (585) 267-8021.
About American Eagle Outfitters:
American Eagle Outfitters, Inc. (NYSE: AEO) 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. The original collection
includes standards like jeans and graphic Ts as well as essentials like
accessories, outerwear, footwear, basics and swimwear. American Eagle
currently operates 855 stores in 50 states, the District of Columbia and
Puerto Rico, and 75 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 collection of
dormwear and intimates, "aerie by American Eagle," which is available in 38
aerie stores, American Eagle stores 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.
MARTIN + OSA, a concept targeting 28 to 40 year-old women and men, offers
refined casual clothing and accessories, designed to be valuable,
irresistible, inspiring, authentic and adventurous. MARTIN + OSA currently
operates 19 stores. For additional information and updates, visit
"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 the company's fourth quarter earnings expectations
may not be achieved, and the 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,