WARRENDALE, Pa., Nov. 18 /PRNewswire/ -- American Eagle Outfitters, Inc.
(Nasdaq: AEOS) today announced its consolidated financial results for the
quarter ended October 31, 1998.
Net sales for the quarter ended October 31, 1998, increased 42.1% to
$149.1 million from $104.9 million for the quarter ended November 1, 1997.
Comparable store sales increased 29.4% when comparing the same thirteen week
period. Net income for the quarter was $13.9 million, or $0.58 per share on a
diluted basis, compared to net income of $6.3 million, or $0.27 per share on a
diluted basis, last year. Diluted weighted average shares outstanding for the
current year were 24.0 million compared to 23.1 million outstanding (restated
for the January 5, 1998, and the May 8, 1998, three-for-two stock splits) for
the prior year.
Year-to-date net sales for the thirty-nine weeks ended October 31, 1998,
increased 48.6% to $374.5 million from $252.0 million for the thirty-nine week
period last year. Comparable store sales increased 37.2% when comparing the
same thirty-nine week period. Net income for the period was $29.2 million, or
$1.22 per share on a diluted basis, compared to net income of $3.8 million, or
$0.17 per share on a diluted basis last year. Diluted weighted average shares
outstanding for the current year were 23.9 million compared to 22.6 million
outstanding (restated for the January 5, 1998, and the May 8, 1998,
three-for-two stock splits) 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 384 stores in 41 states.
American Eagle Outfitters, Inc.
Consolidated Statements of Operations
(Dollars and shares in millions, except per share data)
(Unaudited)
Third Quarter Ended Nine Months Ended
Oct. 31, Nov. 1, Oct. 31, Nov. 1,
1998 1997 1998 1997
Net Sales $149.1 $104.9 $374.5 $252.0
Net Income $13.9 $6.3 $29.2 $3.8
Diluted Income
Per Common Share (A) $0.58 $0.27 $1.22 $0.17
Diluted Weighted Average
Common Shares Outstanding (A) 24.0 23.1 23.9 22.6
(A) Reflects the January 5, 1998 and the May 8, 1998 three-for-two stock
splits.
SOURCE American Eagle Outfitters, Inc.
 back to top
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
|
