WARRENDALE, Pa., Dec. 4 /PRNewswire-FirstCall/ --
American Eagle Outfitters, Inc. (Nasdaq: AEOS) today announced that total
sales for the four-week period ended November 30, 2002 increased 3.0% to
$143.9 million, compared to $139.7 million for the four-week period ended
December 1, 2001. Total sales for the period include $5.9 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
4.9% for the November period. Consolidated comparable store sales, which
include American Eagle and Bluenotes/Thriftys stores, decreased 6.5% for the
month compared to the corresponding period ended December 1, 2001.
Bluenotes/Thriftys comparable store sales declined 30.1% in November compared
to last year.
Total sales for the forty-three week period ended November 30, 2002
increased 6.5% to $1.115 billion from $1.047 billion for the forty-three week
period ended December 1, 2001. Total sales for the period include $64.0
million from the Bluenotes/Thriftys operation, compared to $79.3 million for
the corresponding period last year.
Comparable store sales for the American Eagle Outfitters stores declined
5.0% for the forty-three week period ended November 30, 2002. Consolidated
comparable store sales, which include American Eagle and Bluenotes/Thriftys
stores, decreased 6.3% for the forty-three week period compared to the
corresponding period ended December 1, 2001. Bluenotes/Thriftys comparable
store sales declined 21.7% for the period compared to last year.
The current fourth quarter First Call consensus estimate of $0.56 is in
the range of the Company's expectations and is based on a December comparable
store sales decline in the low single-digits.
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 700 AE stores in 48 states
and the District of Columbia, 56 AE stores in Canada, and 111
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
December comparable store sales and fourth 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
fourth 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.
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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, both of American
Eagle Outfitters, +1-724-776-4857
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