American Eagle Outfitters Reports November Sales of $247.0 Million on a Same Store Sales Increase of 14%
November 29 2006 - 4:00PM
Business Wire
American Eagle Outfitters, Inc. (NASDAQ:AEOS) today announced that
total sales for the month ended November 25, 2006 increased 21% to
$247.0 million, compared to $203.5 million for the month ended
November 26, 2005. Comparable store sales increased 14% for the
month. In November the company experienced a strong kick-off to the
holiday season, and management was pleased with the performance
throughout the month including the Thanksgiving weekend. Customers
responded well to the holiday collection and the company believes
the brand is well-positioned as a gift destination this season. Jim
O'Donnell, Chief Executive Officer commented, "I am pleased with
our performance, in particular, the Thanksgiving weekend, which is
the start of the holiday season. We continue to differentiate the
AE brand, through on-trend assortments and a strong connection with
our customers." Total sales for the year-to-date forty-three week
period ended November 25, 2006 increased 18% to $2.068 billion,
compared to $1.756 billion for the forty-three week period ended
November 26, 2005. Comparable store sales increased 11% for the
year-to-date period. At this point in the quarter, the company is
reiterating its fourth quarter earnings guidance of $0.94 to $0.96
per share compared to $0.71 per share last year, which would
represent 32%-35% growth over last year. Adjusted for the 3 for 2
stock split payable December 18th, fourth quarter earnings guidance
is $0.63 to $0.64 per share, compared to $0.47 per share last year.
To access the company�s recorded monthly sales commentary, please
call 800-642-1687, conference code 3282124#. About American Eagle
Outfitters: American Eagle Outfitters (Nasdaq:AEOS) is a leading
retailer that designs, markets and sells its own brand of laidback,
current clothing targeting 15 to 25 year-olds, providing
high-quality merchandise at affordable prices. AE's original
collection includes standards like jeans and graphic Ts as well as
essentials like accessories, outerwear, footwear, basics and
swimwear. American Eagle Outfitters currently operates 836 stores
in 50 states, the District of Columbia and Puerto Rico, and 72 AE
stores in Canada. AE also operates ae.com, which offers additional
sizes and styles of favorite AE merchandise and ships around the
world. In September of this year, the company launched a new
collection of dormwear and intimates. �aerie by American Eagle� is
now available in American Eagle stores across the country and at
aerie.com. It includes bras, undies, camis, hoodies, robes, boxers,
sweats and leggings for the AE girl. Designed to be sweetly sexy,
comfortable and cozy, aerie offers AE customers a new way to
express their personal style everyday, from the dormroom to the
coffee shop to the classroom. The company has also introduced
MARTIN + OSA, a new sportswear concept targeting 25 to 40 year-old
women and men. MARTIN + OSA carries apparel, accessories and
footwear, using denim and sport inspiration to design fun and sport
back into sportswear. MARTIN + OSA currently operates four stores
and plans to open one additional store this year. For additional
information and updates, visit martinandosa.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 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 the company�s fourth quarter sales, markdowns and/or
earnings expectations may not be achieved and those other risks
described in the Risk Factor Section of the company�s Form 10-K and
Form 10-Q filed 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. American Eagle Outfitters, Inc.
(NASDAQ:AEOS) today announced that total sales for the month ended
November 25, 2006 increased 21% to $247.0 million, compared to
$203.5 million for the month ended November 26, 2005. Comparable
store sales increased 14% for the month. In November the company
experienced a strong kick-off to the holiday season, and management
was pleased with the performance throughout the month including the
Thanksgiving weekend. Customers responded well to the holiday
collection and the company believes the brand is well-positioned as
a gift destination this season. Jim O'Donnell, Chief Executive
Officer commented, "I am pleased with our performance, in
particular, the Thanksgiving weekend, which is the start of the
holiday season. We continue to differentiate the AE brand, through
on-trend assortments and a strong connection with our customers."
Total sales for the year-to-date forty-three week period ended
November 25, 2006 increased 18% to $2.068 billion, compared to
$1.756 billion for the forty-three week period ended November 26,
2005. Comparable store sales increased 11% for the year-to-date
period. At this point in the quarter, the company is reiterating
its fourth quarter earnings guidance of $0.94 to $0.96 per share
compared to $0.71 per share last year, which would represent
32%-35% growth over last year. Adjusted for the 3 for 2 stock split
payable December 18th, fourth quarter earnings guidance is $0.63 to
$0.64 per share, compared to $0.47 per share last year. To access
the company's recorded monthly sales commentary, please call
800-642-1687, conference code 3282124#. About American Eagle
Outfitters: American Eagle Outfitters (Nasdaq:AEOS) is a leading
retailer that designs, markets and sells its own brand of laidback,
current clothing targeting 15 to 25 year-olds, providing
high-quality merchandise at affordable prices. AE's original
collection includes standards like jeans and graphic Ts as well as
essentials like accessories, outerwear, footwear, basics and
swimwear. American Eagle Outfitters currently operates 836 stores
in 50 states, the District of Columbia and Puerto Rico, and 72 AE
stores in Canada. AE also operates ae.com, which offers additional
sizes and styles of favorite AE merchandise and ships around the
world. In September of this year, the company launched a new
collection of dormwear and intimates. "aerie by American Eagle" is
now available in American Eagle stores across the country and at
aerie.com. It includes bras, undies, camis, hoodies, robes, boxers,
sweats and leggings for the AE girl. Designed to be sweetly sexy,
comfortable and cozy, aerie offers AE customers a new way to
express their personal style everyday, from the dormroom to the
coffee shop to the classroom. The company has also introduced
MARTIN + OSA, a new sportswear concept targeting 25 to 40 year-old
women and men. MARTIN + OSA carries apparel, accessories and
footwear, using denim and sport inspiration to design fun and sport
back into sportswear. MARTIN + OSA currently operates four stores
and plans to open one additional store this year. For additional
information and updates, visit martinandosa.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 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 the company's fourth quarter sales, markdowns and/or
earnings expectations may not be achieved and those other risks
described in the Risk Factor Section of the company's Form 10-K and
Form 10-Q filed 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.
American Eagle Outfitters (NASDAQ:AEOS)
Historical Stock Chart
From Jun 2024 to Jul 2024
American Eagle Outfitters (NASDAQ:AEOS)
Historical Stock Chart
From Jul 2023 to Jul 2024