WARRENDALE, Pa., May 8 /PRNewswire-FirstCall/ --
American Eagle Outfitters, Inc. (Nasdaq: AEOS) today announced that total
sales for the four-week period ended May 4, 2002 increased 0.7% to
$89.4 million, compared to $88.7 million for the four-week period ended May 5,
2001. Total sales for the period include $5.8 million from the
Bluenotes/Thriftys operation, compared to $7.0 million for the corresponding
period last year.
Comparable store sales for the American Eagle Outfitters stores declined
13.5% for the April period. Consolidated comparable store sales, which
include American Eagle and Bluenotes/Thriftys stores, decreased 14.1% for the
month compared to the corresponding period ended May 5, 2001.
Bluenotes/Thriftys comparable store sales declined 21.0% in April compared to
last year.
Total sales for the thirteen-week period ended May 4, 2002 increased 10.5%
to $277.9 million, compared to $251.5 million for the thirteen-week period
ended May 5, 2001. Total sales for the period include $17.5 million from the
Bluenotes/Thriftys operation, compared to $20.4 million for the corresponding
period last year.
Comparable store sales for the American Eagle Outfitters stores declined
5.0% for the thirteen-week period ended May 4, 2002. Consolidated comparable
store sales, which include American Eagle and Bluenotes/Thriftys stores,
decreased 6.1% for the thirteen-week period compared to the corresponding
period last year. Bluenotes/Thriftys comparable store sales declined 17.5%
for the period compared to the corresponding period last year.
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 643 AE
stores in 48 states and the District of Columbia, 46 AE stores in Canada, and
112 Bluenotes/Thriftys stores in Canada. AE also operates via its internet
business, ae.com.
To access our recorded monthly sales commentary, please call 800-642-1687,
conference code #3282124.
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 of American Eagle
Outfitters, +1-724-776-4857
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