American Eagle Outfitters Reports February Sales of $166.3 Million on a Same Store Sales Increase of 6%; Establishes First Quart
March 07 2007 - 7:30AM
Business Wire
American Eagle Outfitters, Inc. (NASDAQ:AEOS) today announced that
total sales for the four weeks ended March 3, 2007 were $166.3
million, an increase of 16% compared to $143.1 million for the four
week period ended February 25, 2006. Due to the 53rd week in fiscal
2006, February 2007 comps are compared to the four week period
ended March 4, 2006. On this basis, the company delivered a
comparable store sales increase of 6%, compared to 8% for same
period last year. February delivered a positive kick-off to the
spring season, driven by an on-trend spring assortment and
continued strength in key item businesses. Sales performance was
led by improved in-store traffic and increased transactions. At
this time, the company is establishing first quarter earnings
guidance of $0.31 to $0.33 per share, compared to $0.28 per share
last year. To access the company�s recorded monthly sales
commentary, please call 800-642-1687, conference code 3282124#. In
a separate press release issued this morning, the company announced
its fourth quarter financial results. Management will hold a
conference call to discuss the results at 9:00 a.m. Eastern Time
this morning. To listen to the call please dial 877-601-0864 five
to seven minutes prior to the scheduled start time. The conference
call will also be simultaneously broadcast over the Internet at
www.ae.com or www.streetevents.com. Anyone unable to listen to the
call can access a replay beginning March 7, 2007 at 12:00 p.m.
Eastern Time through March 21, 2007 by dialing 800-642-1687 and
referencing confirmation code 4821967#. About American Eagle
Outfitters: American Eagle Outfitters, Inc. (Nasdaq:AEOS) is a
leading retailer that operates under the American Eagle Outfitters
and MARTIN + OSA brands. American Eagle Outfitters 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 currently operates
834 stores in 50 states, the District of Columbia and Puerto Rico,
and 72 AE stores in Canada. American Eagle also operates ae.com,
which offers additional sizes and styles of favorite AE merchandise
and ships around the world. The American Eagle brand also includes
a new collection of dormwear and intimates, �aerie by American
Eagle.� aerie is 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 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 six stores. 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 first 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 first quarter 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.
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