American Eagle Outfitters (NASDAQ:AEOS)
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American Eagle Outfitters, Inc. (NASDAQ:AEOS) today announced that total
sales for the month ended September 30, 2006 increased 26% to $233.4
million, compared to $184.8 million for the month ended October 1, 2005.
Comparable store sales increased 19% for the month.
September sales performance was driven by a well-received fall
collection, which added freshness to stores during a key back-to-school
selling period. Stores featured fresh colors, on-trend silhouettes and
strong key items. Additionally, in early September, the company’s
new intimates sub-brand, aerie by American Eagle, debuted across
the chain, to a positive customer response.
Total sales for the year-to-date thirty-five week period ended September
30, 2006 increased 17% to $1.635 billion, compared to $1.395 billion for
the thirty-five week period ended October 1, 2005. Comparable store
sales increased 11% for the year-to-date period.
Based on better-than-expected September performance, the company is
raising its third quarter earnings guidance to $0.61 to $0.63 per share,
compared to $0.47 per share last year. Previous third quarter guidance
was $0.56 to $0.58 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 our recorded monthly sales commentary, please call
800-642-1687, conference code 3282124#.
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 822 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 two stores and plans to
open three additional stores 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 sales, markdowns
and/or 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 September 30, 2006 increased 26% to
$233.4 million, compared to $184.8 million for the month ended October
1, 2005. Comparable store sales increased 19% for the month.
September sales performance was driven by a well-received fall
collection, which added freshness to stores during a key
back-to-school selling period. Stores featured fresh colors, on-trend
silhouettes and strong key items. Additionally, in early September,
the company's new intimates sub-brand, aerie by American Eagle,
debuted across the chain, to a positive customer response.
Total sales for the year-to-date thirty-five week period ended
September 30, 2006 increased 17% to $1.635 billion, compared to $1.395
billion for the thirty-five week period ended October 1, 2005.
Comparable store sales increased 11% for the year-to-date period.
Based on better-than-expected September performance, the company
is raising its third quarter earnings guidance to $0.61 to $0.63 per
share, compared to $0.47 per share last year. Previous third quarter
guidance was $0.56 to $0.58 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 our recorded monthly sales commentary, please call
800-642-1687, conference code 3282124#.
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 822 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 two stores and plans to
open three additional stores 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 sales, markdowns and/or 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.