American Eagle Outfitters Reports Record February Sales of $94.6 Million, an Increase of 27.3%; Consolidated Comparable Store Sales Rise 15.0%.Business Editors WARRENDALE, Pa.--(BUSINESS WIRE)--March 3, 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 announced that total sales for the month ended February 28, 2004 increased 27.3% to $94.6 million, compared to $74.3 million for the month ended March 1, 2003. Comparable store sales for the American Eagle Outfitters stores increased 15.2% for the February period. Consolidated comparable store sales, which include American Eagle and Bluenotes/Thriftys stores, increased 15.0% for the month of February. Total sales for the period included $5.1 million from the Bluenotes/Thriftys operation, compared to $4.0 million for the corresponding period last year. The 27.4% sales increase was due to the strengthening of the Canadian dollar Noun 1. Canadian dollar - the basic unit of money in Canada; "the Canadian dollar has the image of loon on one side of the coin" loonie dollar - the basic monetary unit in many countries; equal to 100 cents compared to a year ago and a comparable store sales increase of 12.3% in February. The comparable store sales calculation excludes the impact of foreign currency fluctuations. 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, 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. 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 740 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. |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion