WARRENDALE, Pa., April 5 /PRNewswire/ --
American Eagle Outfitters, Inc. (Nasdaq: AEOS) today announced total sales for
the five fiscal weeks ended April 1, 2000, increased 15.7% to $73.9 million
from $63.8 million for the five-week period ended April 3, 1999. Comparable
sales for the 2000 period declined 0.3% compared to the corresponding
five-week period last year.
Sales for the nine weeks ended April 1, 2000, were $120.2 million compared
to the $99.9 million for the nine-week period last year, an increase of 20.4%.
Comparable store sales for the nine weeks ended April 1, 2000, increased 3.1%
compared to the corresponding nine-week period ended April 3, 1999.
George Kolber, Vice Chairman and Chief Operating Officer, noted that: "We
were pleased with March sales results, particularly given our 33.1% increase
in comparable store sales in March 1999. Over the past several years, we've
built a very successful dress business, which is centered around the Easter
holiday. As expected, our March 2000 comp store sales were impacted by this
year's three-week shift of Easter to late April."
American Eagle Outfitters, Inc. is a specialty retailer of all-American,
casual apparel, accessories, and footwear for men and women between the ages
of 14 and 30. The Company designs, markets, and sells its own brand of
versatile, relaxed, and timeless classics like AE jeans, cargos, and T-shirts,
providing high quality merchandise at affordable prices. The Company
currently operates 480 stores in 46 states and the District of Columbia.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: This release contains forward-looking statements, which represent the
Company's expectations or beliefs concerning future events, specifically
regarding future sales. 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 may not open as many stores as planned,
that its annual 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 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 Judy Meehan of American Eagle
Outfitters, 724-776-4857
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