American Eagle Outfitters Reports Record January Sales of $87.8 Million, an Increase of 11.6%.Business Editors WARRENDALE, Pa.--(BUSINESS WIRE)--Feb. 4, 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 January 31, 2004 increased 11.6% to $87.8 million, compared to $78.7 million for the month ended February 1, 2003. Comparable store sales for the American Eagle Outfitters stores increased 0.6% for the January period. Consolidated comparable store sales, which include American Eagle and Bluenotes/Thriftys stores, increased 0.9% for the month of January. Total sales for the period include $4.7 million from the Bluenotes/Thriftys operation, compared to $3.8 million for the corresponding period last year. The 24.2% sales increase was due primarily 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 as well as a comparable store sales increase of 5.2% in January. The comparable store sales calculation excludes the impact of foreign currency fluctuations. Total sales for the fourth quarter ended January 31, 2004 increased 5.2% to $517.3 million from $491.5 million for the fourth quarter ended February 1, 2003. Comparable store sales for the American Eagle Outfitters stores declined 5.1% for the period. Consolidated comparable stores sales, which include American Eagle and Bluenotes/Thriftys stores, declined 4.7% for the period compared to the corresponding fourth quarter ended February 1, 2003. Total sales for the fourth quarter include $26.7 million from the Bluenotes/Thriftys operation, compared to $22.2 million for the corresponding period last year. The 20.1% sales increase was due primarily to the strengthening of the Canadian dollar compared to a year ago as well as a comparable store sales increase of 0.8% for the fourth quarter. The comparable store sales calculation excludes the impact of foreign currency fluctuations. Year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. total sales for the twelve-month period ended January 31, 2004 increased 3.9% to $1.520 billion, compared to $1.463 billion for the twelve-month period ended February 1, 2003. Comparable store sales for the American Eagle Outfitters stores declined 6.6% for the twelve-month period. Consolidated comparable store sales, which include American Eagle and Bluenotes/Thriftys stores, declined 6.7% for the twelve-month period compared to the corresponding period ended February 1, 2003. Year-to-date total sales for the twelve-month period include $84.5 million from the Bluenotes/Thriftys operation, compared to $80.2 million for the corresponding period last year. The 5.4% sales increase was due to the strengthening of the Canadian dollar compared to a year ago. Bluenotes/Thriftys comparable store sales, which exclude the impact of foreign currency fluctuations, declined 7.3% for the twelve-month period compared to the corresponding period last year. Regarding fourth quarter earnings, the Company expects to report earnings in the range of $0.53 to $0.56, before a charge of $6.1 million, or $0.08 per share, which reflects the write-down of Bluenotes' remaining goodwill. Final fourth quarter results will be reported on Thursday, February 26th. To listen to the Company's fourth quarter earnings conference call, please dial 877-601-0864 at least ten minutes before 10:00 a.m. EST EST electroshock therapy. EST abbr. electroshock therapy on February 26th. 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 Stylish is a free Mozilla extension that allows for the manipulation of web pages and XUL application user interfaces through the use of CSS or user styles available localy or from centralized web-site [1], which allows style sharing. 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 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. "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 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 upon our financial audit fourth quarter 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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