American Eagle Outfitters Announces March Month-to-Date Consolidated Comparable Store Sales Rise 7.8%, and Provides First Quarter EPS Guidance of $0.25 to $0.30.Business Editors WARRENDALE, Pa.--(BUSINESS WIRE)--March 31, 2004 American Eagle Outfitters, Inc. (Nasdaq: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 provided a financial update due to management's presentation at the Banc of America Securities Consumer Conference on Thursday, April 1, 2004. The Company announced that month-to-date consolidated comparable store sales through March 30, 2004, have increased 7.8%. Total consolidated sales through the period are up 17.9%. Month-to-date comparable store sales for the American Eagle Brand have risen 7.9% and Bluenotes comparable store sales have increased 5.7%. The Company also provided first quarter earnings per share guidance of $0.25 to $0.30, which compares to $0.09 per share in the first quarter last year. Jim O'Donnell, Chief Executive Officer, commented on the announcement, "We are extremely pleased with the response to our spring merchandise, which is fashion-right and sharply targeted at our customers. Sales strength is broad-based, and comps are positive in both men's and women's divisions. Merchandise margins are strong, reflecting fewer product markdowns and less promotional activity." In keeping with its regular schedule, the Company will report month-end March sales results on Wednesday, April 7th (after market close) and provide a recorded sales commentary, which can be accessed by dialing 800-642-1687, conference code #3282124. To listen to management's presentation at the Banc of America Securities Consumer Conference, scheduled at 8:50 a.m. EST EST electroshock therapy. EST abbr. electroshock therapy on Thursday, April 1st, please go to the company's web-site, ae.com. The Company will report first quarter financial results on Thursday, May 13th 2004. To listen to the 9:00 a.m. EST conference call, please dial 800-601-0864, or go to the company's web-site ae.com. American Eagle Outfitters (Nasdaq:AEOS) is a leading lifestyle retailer that designs, markets, and sells its own brand of relaxed, casual clothing for 15 to 25 year olds, providing high-quality merchandise at affordable prices. AE's collection includes modern basics like jeans, cargo pants cargo pants or trousers Noun, pl loose trousers with a large external pocket on the side of each leg , and graphic Ts as well as a stylish assortment assortment /as·sort·ment/ (ah-sort´ment) the random distribution of nonhomologous chromosomes to daughter cells in metaphase of the first meiotic division. as·sort·ment n. of cool accessories, outerwear and 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). . AE's Canadian subsidiary, Bluenotes/Thriftys, offers a more urban/suburban, denim-driven collection for 12 to 22 year olds. American Eagle Outfitters currently operates 743 AE stores in 49 states, the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). and Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. , 65 AE stores in Canada, and 110 Bluenotes/Thriftys stores in Canada. AE also operates via its Web business, www.ae.com, which offers additional sizes and styles of favorite AE merchandise. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: This release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , 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 our first quarter sales and earnings forecasts 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. |
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