WARRENDALE, Pa., Aug. 7 /PRNewswire-FirstCall/ --
American Eagle Outfitters, Inc. (Nasdaq: AEOS) today announced that total
sales for the four-week period ended August 3, 2002 increased 8.2% to
$110.5 million, compared to $102.0 million for the four-week period ended
August 4, 2001. Total sales for the period include $5.7 million from the
Bluenotes/Thriftys operation, compared to $6.6 million for the corresponding
period last year.
Comparable store sales for the American Eagle Outfitters stores declined
4.6% for the July period. Consolidated comparable store sales, which include
American Eagle and Bluenotes/Thriftys stores, decreased 5.4% for the month
compared to the corresponding period ended August 4, 2001. Bluenotes/Thriftys
comparable store sales declined 16.3% in July compared to last year.
Total sales for the thirteen-week period ended August 3, 2002 increased
9.2% to $319.2 million from $292.4 million for the thirteen-week period ended
August 4, 2001. Total sales for the period include $18.8 million from the
Bluenotes/Thriftys operation, compared to $21.2 million for the corresponding
period last year.
Comparable store sales for the American Eagle Outfitters stores declined
4.8% for the thirteen-week period ended August 3, 2002. Consolidated
comparable store sales, which include American Eagle and Bluenotes/Thriftys
stores, decreased 5.5% for the thirteen-week period compared to the
corresponding period ended August 4, 2001. Bluenotes/Thriftys comparable
store sales declined 13.9% for the period compared to last year.
Total sales for the twenty-six week period ended August 3, 2002 increased
9.8% to $597.1 million, compared to $543.9 million for the twenty-six week
period ended August 4, 2001. Total sales for the period include $36.3 million
from the Bluenotes/Thriftys operation, compared to $41.6 million for the
corresponding period last year.
Comparable store sales for the American Eagle Outfitters stores declined
4.9% for the twenty-six week period ended August 3, 2002. Consolidated
comparable store sales, which include American Eagle and Bluenotes/Thriftys
stores, decreased 5.7% for the twenty-six week period compared to the
corresponding period last year. Bluenotes/Thriftys comparable store sales
declined 15.7% for the period compared to the corresponding period last year.
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 660 AE stores in 48 states
and the District of Columbia, 51 AE stores in Canada, and 111
Bluenotes/Thriftys stores in Canada. AE also operates via its internet
business, ae.com.
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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