WARRENDALE, Pa., Feb. 5 /PRNewswire-FirstCall/ --
American Eagle Outfitters, Inc. (Nasdaq: AEOS) today announced that total
sales for the four-week period ended February 1, 2003 increased 14.8% to
$78.7 million, compared to $68.5 million for the four-week period ended
February 2, 2002. Comparable store sales for the American Eagle Outfitters
stores increased 3.2% for the January period. Consolidated comparable store
sales, which include American Eagle and Bluenotes/Thriftys stores, increased
2.2% for the month compared to the corresponding period ended February 2,
2002.
Total sales for the four-week period ended February 1, 2003 include
$3.8 million from the Bluenotes/Thriftys operation, compared to $4.1 million
for the corresponding period last year. Bluenotes/Thriftys comparable store
sales declined 11.0% in January compared to last year.
Total sales for the fifty-two week period ended February 1, 2003 increased
6.7% to $1.463 billion from $1.372 billion for the fifty-two week period ended
February 2, 2002. Comparable store sales for the American Eagle Outfitters
stores declined 4.3% for the fifty-two week period ended February 1, 2003.
Consolidated comparable store sales, which include American Eagle and
Bluenotes/Thriftys stores, decreased 5.7% for the fifty-two week period
compared to the corresponding period ended February 2, 2002.
Total sales for the fifty-two week period ended February 1, 2003
include $80.2 million from the Bluenotes/Thriftys operation, compared to
$100.7 million for the corresponding period last year. Bluenotes/Thriftys
comparable store sales declined 22.3% for the period compared to last year.
Regarding fourth quarter earnings, the Company is comfortable with the
current First Call consensus estimate of $0.53 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 lifestyle retailer
that designs, markets, and sells its own brand of relaxed, versatile clothing
for 16 to 34 year-olds, providing high-quality merchandise at affordable
prices. AE's lifestyle collection includes casual basics like khakis, cargos,
and jeans; fashion tops like rugbys, polos, and graphic T's; and functional
items like swimwear, outerwear, footwear, and accessories. AE's Canadian
subsidiary, Bluenotes/Thriftys, targets a slightly younger demographic,
offering a more urban/suburban, denim-driven collection for 12 to 22 year-
olds. American Eagle Outfitters currently operates 697 AE stores in
48 states and the District of Columbia, 56 AE stores in Canada, and
111 Bluenotes/Thriftys stores in Canada. AE also operates via its Internet
business, ae.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
fourth quarter earnings. All forward-looking statements made by the Company
involve material risks and uncertainties and are subject to change based on a
number of factors, some of which are beyond the Company's control. Such
factors include, but are not limited to, the results of the audit of our year-
end financials and the risk that our fourth quarter financial plans may not be
achieved, 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
future changes make it clear that projected results expressed or implied will
not be realized.
SOURCE American Eagle Outfitters, Inc.
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Related links:
http://www.ae.com
Company News On-Call:
http://www.prnewswire.com/gh/cnoc/comp/104763.html
CONTACT:
Laura Weil or Judy Meehan, both of American
Eagle Outfitters, +1-724-776-4857
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