WARRENDALE, Pa., Aug. 18 /PRNewswire/ -- American Eagle Outfitters, Inc.
(Nasdaq: AEOS) today announced its consolidated financial results for the
quarter ended July 31, 1999.
Net sales for the quarter ended July 31, 1999 increased 42.0% to
$178.6 million from $125.7 million for the quarter ended August 1, 1998.
Comparable store sales increased 19.8% when comparing the same thirteen week
period. Net income for the quarter increased 77.4% to $16.9 million, or
$0.35 per share on a diluted basis, from net income of $9.6 million, or
$0.20 per share on a diluted basis, last year. Diluted weighted average
shares outstanding for the current quarter were 48.7 million compared to
48.1 million outstanding for the prior quarter.
Year-to-date net sales for the twenty-six weeks ended July 31, 1999,
increased 43.7% to $324.0 million from $225.4 million for the twenty-six week
period last year. Comparable store sales increased 23.2% when comparing the
same twenty-six week period. Net income for the period was $29.2 million, or
$0.60 per share on a diluted basis, compared to net income of $15.4 million,
or $0.32 per share on a diluted basis last year. Diluted weighted average
shares outstanding for the current year were 48.6 million compared to
47.8 million outstanding for the prior year.
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 426 stores in 43 states.
American Eagle Outfitters, Inc.
Consolidated Statements of Operations
(Dollars and shares in millions, except per share data)
(Unaudited)
Second Quarter Ended Six Months Ended
July 31, August 1, July 31, August 1,
1999 1998 1999 1998
Net Sales $178.6 $125.7 $324.0 $225.4
Net Income $16.9 $9.6 $29.2 $15.4
Diluted Income
Per Common Share $0.35 $0.20 $0.60 $0.32
Diluted Weighted Average
Common Shares Outstanding 48.7 48.1 48.6 47.8
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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