American Eagle Outfitters (NASDAQ:AEOS)
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American Eagle Outfitters, Inc. (NASDAQ:AEOS) today announced that total
sales for the month ended October 28, 2006 increased 18% to $186.4
million, compared to $157.9 million for the month ended October 29,
2005. Comparable store sales increased 8% for the month.
October results exceeded management’s
expectations, reflecting the continuation of on-trend assortments and a
strong full-priced business. The company experienced broad-based
strength across key categories. The initial Holiday collection arrived
in stores during the fourth week of the month, and was met with a
positive customer response.
Total sales for the third quarter ended October 28, 2006 increased 20%
to $696.3 million, compared to $580.5 million for the quarter ended
October 29, 2005. Comparable store sales increased 13% for the quarter.
Total sales for the year-to-date thirty-nine week period ended October
28, 2006 increased 17% to $1.821 billion, compared to $1.553 billion for
the thirty-nine week period ended October 29, 2005. Comparable store
sales increased 10% for the year-to-date period.
Based on October performance, the company is raising its third quarter
earnings guidance to $0.64 to $0.65 per share, compared to $0.47 per
share last year. Previous third quarter guidance was $0.61 to $0.63 per
share. Third quarter guidance includes stock option expense of
approximately $0.01 per share. For the year, stock option expense is
expected to be approximately $0.04 to $0.05 per share.
To access the company’s recorded monthly sales
commentary, please call 800-642-1687, conference code 3282124#.
The company will report third quarter earnings on Tuesday, November
14th. Management will hold a conference call at 9:00 a.m. Eastern Time
that morning. To listen to the call, please dial 877-601-0864, or go to
our web-site, www.ae.com.
About American Eagle Outfitters:
American Eagle Outfitters (Nasdaq:AEOS) is a leading retailer that
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 Outfitters currently
operates 830 stores in 50 states, the District of Columbia and Puerto
Rico, and 72 AE stores in Canada. AE also operates ae.com, which offers
additional sizes and styles of favorite AE merchandise and ships around
the world. In September of this year, the company launched a new
collection of dormwear and intimates. “aerie
by American Eagle” is now 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 has
also 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 four stores and plans
to open one additional store this year. 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
third 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 third 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.
American Eagle Outfitters, Inc. (NASDAQ:AEOS) today announced that
total sales for the month ended October 28, 2006 increased 18% to
$186.4 million, compared to $157.9 million for the month ended October
29, 2005. Comparable store sales increased 8% for the month.
October results exceeded management's expectations, reflecting the
continuation of on-trend assortments and a strong full-priced
business. The company experienced broad-based strength across key
categories. The initial Holiday collection arrived in stores during
the fourth week of the month, and was met with a positive customer
response.
Total sales for the third quarter ended October 28, 2006 increased
20% to $696.3 million, compared to $580.5 million for the quarter
ended October 29, 2005. Comparable store sales increased 13% for the
quarter.
Total sales for the year-to-date thirty-nine week period ended
October 28, 2006 increased 17% to $1.821 billion, compared to $1.553
billion for the thirty-nine week period ended October 29, 2005.
Comparable store sales increased 10% for the year-to-date period.
Based on October performance, the company is raising its third
quarter earnings guidance to $0.64 to $0.65 per share, compared to
$0.47 per share last year. Previous third quarter guidance was $0.61
to $0.63 per share. Third quarter guidance includes stock option
expense of approximately $0.01 per share. For the year, stock option
expense is expected to be approximately $0.04 to $0.05 per share.
To access the company's recorded monthly sales commentary, please
call 800-642-1687, conference code 3282124#.
The company will report third quarter earnings on Tuesday,
November 14th. Management will hold a conference call at 9:00 a.m.
Eastern Time that morning. To listen to the call, please dial
877-601-0864, or go to our web-site, www.ae.com.
About American Eagle Outfitters:
American Eagle Outfitters (Nasdaq:AEOS) is a leading retailer that
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 Outfitters
currently operates 830 stores in 50 states, the District of Columbia
and Puerto Rico, and 72 AE stores in Canada. AE also operates ae.com,
which offers additional sizes and styles of favorite AE merchandise
and ships around the world. In September of this year, the company
launched a new collection of dormwear and intimates. "aerie by
American Eagle" is now 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 has also 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 four stores and plans to
open one additional store this year. 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 third 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 third 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.