America Eagle Outfitters reports 48% July sales increase.WARRENDALE, Pa.--(BUSINESS WIRE)--Aug. 3, 1995--American Eagle Outfitters Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AEOS AEOS American Eagle Outfitters Inc. (stock symbol) AEOS Advanced Electro-Optical System (3.67 meter adaptive optical telescope on Maui) AEOS Advanced Electro Optical Sensor ) today announced total sales for the four weeks ended July July: see month. 29, 1995 increased 48% to $22.0 million from $14.8 million for the same period last year. Same store sales Same Store Sales A statistic used in retail industry analysis. It compares sales of stores that have been open for a year or more. Notes: This statistic allows investors to determine what portion of new sales has come from sales growth and what portion from the opening of increased 2.6%. Sales for fiscal year which ended July 29, 1995 rose 49% to $293.9 million from $197.9 million last year. Same store sales increased 3.0%. Bob Lynn, vice chairman and Roger Markfield, president jointly commented, "In keeping with the company's commitment to adjust inventory levels and improve inventory turns, its aggressive clearance program resulted in lower than expected gross margins for its fourth quarter. It is now expected that the company will achieve earnings in the range of $.68 to $.74 per share for the fiscal year, which ended July 29, 1995." American Eagle Outfitters Inc. is a leading speciality retailer of quality men's and women's lifestyle casual apparel, footwear Footwear consists of garments worn on the feet. It is worn for a variety of reasons, including protection against the environment, hygiene and adornment. Usually, socks and other hosiery are worn between the feet and the footwear, except for sandals and flip flops (thongs). and accessories. The company operates 296 stores located in 39 states throughout the country. CONTACT: George Kolber, 908/632-2301 |
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