WARRENDALE, Pa., Feb. 2 /PRNewswire/ -- American Eagle Outfitters, Inc.
(Nasdaq: AEOS) today announced total sales for the four fiscal weeks ended
January 29, 2000 increased 29.1% to $41.8 million from $32.3 million for the
four week period ended January 30, 1999. Comparable sales for the 1999 period
were up 9.6% compared to the corresponding four week period last year.
Sales for the fifty-two weeks ended January 29, 2000 were $832.1 million
compared to the $587.6 million for the fifty-two week period last year, an
increase of 41.6%. Comparable store sales for the fifty-two weeks ended
January 29, 2000 increased 20.9% compared to the corresponding fifty-two week
period ended January 30, 1999.
George Kolber, Vice Chairman and Chief Operating Officer, noted that: "The
Company's strong comparable store sales were achieved despite severe weather
conditions and low levels of winter inventory. We believe we are very well
positioned for strong sales in the first quarter."
American Eagle Outfitters, Inc. is a specialty retailer of all-American,
casual apparel, accessories, and footwear for men and women between the ages
of 16 and 34. The Company designs, markets, and sells its own brand of
versatile, relaxed, and timeless classics like AE jeans, khakis, and T-shirts,
providing high quality merchandise at affordable prices. The Company
currently operates 466 stores in 45 states.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: This release contains a forward-looking statement, which represents
our expectations or beliefs concerning future events, specifically, the
expectation of strong sales during the first quarter. 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 sales will not be as strong as expected and those other risks
described in 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 experience or future changes
make it clear that any projected results expressed or implied therein will not
be realized.
SOURCE American Eagle Outfitters, Inc.
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Related links:
http://www.ae-outfitters.com
Company News On-Call:
http://www.prnewswire.com/comp/104763.html or fax,
800-758-5804, ext. 104763
CONTACT:
Laura Weil or George Kolber of American Eagle
Outfitters, 724-776-4857
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