WARRENDALE, Pa., July 10 /PRNewswire-FirstCall/ --
American Eagle Outfitters, Inc. (Nasdaq: AEOS) today announced that total
sales for the five-week period ended July 6, 2002 increased 11.1% to
$121.7 million, compared to $109.6 million for the five-week period ended
July 7, 2001. Total sales for the period include $7.7 million from the
Bluenotes/Thriftys operation, compared to $8.4 million for the corresponding
period last year.
Comparable store sales for the American Eagle Outfitters stores declined
3.2% for the June period. Consolidated comparable store sales, which include
American Eagle and Bluenotes/Thriftys stores, decreased 3.9% for the month
compared to the corresponding period ended July 7, 2001. Bluenotes/Thriftys
comparable store sales declined 11.6% in June compared to last year.
Total sales for the twenty-two week period ended July 6, 2002 increased
10.1% to $486.7 million, compared to $441.8 million for the twenty-two week
period ended July 7, 2001. Total sales for the period include $30.6 million
from the Bluenotes/Thriftys operation, compared to $35.0 million for the
corresponding period last year.
Comparable store sales for the American Eagle Outfitters stores declined
5.0% for the twenty-two week period ended July 6, 2002. Consolidated
comparable store sales, which include American Eagle and Bluenotes/Thriftys
stores, decreased 5.8% for the twenty-two week period compared to the
corresponding period last year. Bluenotes/Thriftys comparable store sales
declined 15.6% for the period compared to the corresponding period last year.
Due to lower-than-planned sales in May and June and based on current
expectations for July sales, the Company currently anticipates second quarter
earnings to be in the range of $0.14 to $0.17 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 654 AE stores in 48 states
and the District of Columbia, 49 AE stores in Canada, and
112 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
second quarter earnings. 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 our second quarter sales and 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.
 back to top
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
|
