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Lifestyle retailer AE Outfitters announces financials for Q2
16 Aug '05
3 min read
Leading lifestyle retailer American Eagle Outfitters Inc announced consolidated financial results for the second quarter ended July 30, 2005.
Second Quarter Ended July 30, 2005
-Total sales increased 29.8 percent to $513.3 million from $395.4 million for the quarter ended July 31, 2004.
-Comparable store sales increased 21.1 percent when compared to the corresponding period last year.
-Gross profit as a percent to sales increased to 44.4 percent from 41.2 percent last year due to an improvement in merchandise margins and the leveraging of rent expense.
-Operating income for the quarter increased to $86.0 million, or 16.8 percent as a percent to sales, from $51.0 million, or 12.9 percent as a percent to sales last year.
-Net income for the quarter increased to $58.0 million, or $0.37 per share on a diluted basis, from net income of $29.3 million, or $0.20 per share on a diluted basis last year (which included a $0.02 loss from discontinued operations).
Year-to-Date for the Six Months Ended July 30, 2005
-Total sales increased 32.9 percent to $967.3 million from $727.6 million for the six months ended July 31, 2004.
-Comparable store sales increased 23.8 percent when compared to the same six month period last year.
-Gross profit as a percent to sales increased to 46.5 percent from 42.8 percent last year due to the leveraging of rent expense and an improvement in merchandise margins.
-Operating income for the period increased to $173.6 million, or 17.9 percent as a percent to sales, from $94.1 million, or 12.9 percent as a percent to sales last year.
Second Quarter Ended July 30, 2005
-Total sales increased 29.8 percent to $513.3 million from $395.4 million for the quarter ended July 31, 2004.
-Comparable store sales increased 21.1 percent when compared to the corresponding period last year.
-Gross profit as a percent to sales increased to 44.4 percent from 41.2 percent last year due to an improvement in merchandise margins and the leveraging of rent expense.
-Operating income for the quarter increased to $86.0 million, or 16.8 percent as a percent to sales, from $51.0 million, or 12.9 percent as a percent to sales last year.
-Net income for the quarter increased to $58.0 million, or $0.37 per share on a diluted basis, from net income of $29.3 million, or $0.20 per share on a diluted basis last year (which included a $0.02 loss from discontinued operations).
Year-to-Date for the Six Months Ended July 30, 2005
-Total sales increased 32.9 percent to $967.3 million from $727.6 million for the six months ended July 31, 2004.
-Comparable store sales increased 23.8 percent when compared to the same six month period last year.
-Gross profit as a percent to sales increased to 46.5 percent from 42.8 percent last year due to the leveraging of rent expense and an improvement in merchandise margins.
-Operating income for the period increased to $173.6 million, or 17.9 percent as a percent to sales, from $94.1 million, or 12.9 percent as a percent to sales last year.
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