WARRENDALE, Pa., May 19 /PRNewswire/ -- American Eagle Outfitters, Inc.
(Nasdaq: AEOS) today announced its consolidated financial results for the
quarter ended May 1, 1999.
Net sales for the quarter ended May 1, 1999, increased 45.9% to
$145.4 million from $99.7 million for the quarter ended May 2, 1998.
Comparable store sales increased 27.5% when comparing the same thirteen week
period. Net income for the quarter increased 110% to $12.2 million, or
$0.25 per share on a diluted basis, from net income of $5.8 million, or
$0.12 per share on a diluted basis, last year. Diluted weighted average
shares outstanding for the current quarter were 48.4 million compared to
47.4 million outstanding for the prior 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 dungarees, khakis, and
T-shirts, providing high quality merchandise at affordable prices. The
Company currently operates 405 stores in 41 states.
American Eagle Outfitters, Inc.
Consolidated Statements of Operations
(Dollars and shares in millions, except per share data)
(Unaudited)
First Quarter Ended
May 1, May 2,
1999 1998
Net Sales $145.4 $99.7
Net Income $12.2 $5.8
Diluted Income Per Common Share (A) $0.25 $0.12
Diluted Weighted Average
Common Shares Outstanding (A) 48.4 47.4
(A) Reflects the January 5, 1998 and May 8, 1998 three-for-two stock
splits, and the May 3, 1999 two-for-one stock split.
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 and George Kolber of American
Eagle Outfitters, 724-776-4857
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