American Eagle Outfitters reports June same store sales increase of 8.5%.WARRENDALE, Pa.--(BUSINESS WIRE)--July 11, 1996--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 five weeks ended July 6, 1996 increased 17.0% to $28.1 million from $23.9 million for the period ended July 1, 1995. When including $2.8 million from outlet stores An outlet store or factory outlet is a retail store in which manufacturers sell their stock directly to the public through their own branded stores. The stores can be can be brick and mortar or online. which were sold in October 1995 in last year's sales, June 1996 sales would have increased 5.0%. 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 8.5% compared to the corresponding five week period last year. Sales for the 22 weeks ended July 6, 1996 were $102.0 million compared to $81.5 million in the same period last year, an increase of 25.1%. When including the $10.3 million in last year's sales for the sold outlet stores, sales increased 11.1%. Comparable store sales were up 9.5% versus the corresponding 22 week period last year. American Eagle Outfitters Inc., is a leading specialty retailer of quality men 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 279 stores in 38 states throughout the country. CONTACT: American Eagle Outfitters, Warrendale Laura Weil, 412/776-4857 |
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