WARRENDALE, Pa., March 3 /PRNewswire/ -- American Eagle Outfitters, Inc.
(Nasdaq: AEOS) today announced its consolidated financial results for the
quarter and year ended January 30, 1999.
Net sales for the quarter ended January 30, 1999, increased 38.7% to
$213.1 million from $153.7 million for the quarter ended January 31, 1998.
Comparable store sales increased 23.8% when comparing the same thirteen week
period. Net income for the quarter increased 58% to $24.9 million, or
$1.03 per share on a diluted basis, compared to net income of $15.8 million,
or $0.68 per share on a diluted basis, last year. Diluted weighted average
shares outstanding for the current quarter were 24.1 million compared to
23.3 million outstanding for the prior quarter.
Sales for the year ended January 30, 1999, increased 44.8% to
$587.6 million from $405.7 million for the year ended January 31, 1998.
Comparable store sales increased 32.1% when compared to the corresponding
period ended January 31, 1998. Net income increased 177% to $54.1 million for
the year from net income of $19.5 million last year. Dilutive earnings per
share for the year ended January 30, 1999, was $2.26 compared to dilutive
earnings per share of $0.86 for the year ended January 31, 1998. Diluted
weighted average shares outstanding for the current year were 24.0 million
compared to 22.8 million outstanding for the prior year.
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 dungarees, khakis, and
T-shirts, providing high quality merchandise at affordable prices. The
Company currently operates 389 stores in 41 states.
AMERICAN EAGLE OUTFITTERS, INC.
Consolidated Statements of Operations
(Dollars and shares in millions, except per share data)
Fourth Quarter Ended Year Ended
January 30, January 31, January 30, January 31,
1999 1998 1999 1998
(Unaudited) (Unaudited)
Net Sales $213.1 $153.7 $587.6 $405.7
Net Income $24.9 $15.8 $54.1 $19.5
Diluted Income Per Common
Share $1.03 $0.68 $2.26 $0.86
Diluted Weighted Average
Common Shares Outstanding 24.1 23.3 24.0 22.8
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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