American Eagle Outfitters Reports September Sales of $246.0 Million.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 Were Flat to Last Year Raises Third Quarter EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. Guidance PITTSBURGH -- American Eagle Outfitters, Inc. (NYSE NYSE See: New York Stock Exchange : AEO) today announced that total sales for the five weeks ended October 3, 2009 increased 7% to $246.0 million, compared to $229.2 million for the five weeks ended October 4, 2008. Comparable store sales were flat for the month, compared to a 6% decrease for the same period last year. Total sales for the 35 week year-to-date period ended October 3, 2009 decreased 3% to $1.823 billion, compared to $1.878 billion for the 35 weeks ended October 4, 2008. Comparable store sales decreased 8% for the year-to-date period compared to a 7% decline for the same period last year. September sales performance reflects continued progress within the American Eagle Outfitters brand. Based on better-than-expected sales, management is raising third quarter earnings guidance to a range of $0.24 to $0.26 per diluted share, which includes a tax benefit of approximately $0.05 per diluted share associated with the repatriation Repatriation The process of converting a foreign currency into the currency of one's own country. Notes: If you are American, converting British Pounds back to U.S. dollars is an example of repatriation. of earnings from Canada. This guidance excludes the possibility of additional impairments or losses related to investment securities. Previous third quarter earnings guidance was $0.22 to $0.25 per diluted share which included a tax benefit of approximately $0.05 per diluted share associated with the repatriation of earnings from Canada. This compares to third quarter earnings of $0.30 per diluted share last year. To access the company's recorded monthly sales commentary, please dial (866) 514-0390, or internationally dial (585) 267-8021. American Eagle Outfitters, Inc., through its subsidiaries, ("AEO, Inc.")offers high-quality, on-trend clothing, accessories and personal care products at affordable prices. The American Eagle Outfitters([R]) brand targets 15 to 25 year old girls and guys, with 953 stores in the U.S. and Canada and online at www.ae.com. aerie([R]) by american eagle offers Dormwear([R]) and intimates collections for the AE([R]) girl, with 133 standalone stores in the U.S. and Canada and online at www.aerie.com. MARTIN + OSA Martin + Osa (Martin & Osa) is a new clothing brand developed by American Eagle Outfitters. The store's name and inspiration comes from Martin and Osa Johnson, a globetrotting husband and wife team from Kansas who explored Africa and the South Pacific Islands, chronicling their ([R]) provides clothing and accessories for 28 to 40 year old men and women at its 28 stores and online at www.martinandosa.com. The latest brand, 77kids[TM] by american eagle[TM], is available online only at www.77kids.com. 77kids offers "kid cool," durable clothing and accessories for kids ages two to 10. AE.COM([R]), the online home of the brands of AEO, Inc. ships to more than 60 countries worldwide. "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 third 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 third quarter earnings expectations may not be achieved and the risks described in the Risk Factor Section of the company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and Form 10-Q Form 10-Q See 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. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion