Home / Knowledge / News / Apparel/Garments / AE's Q1 earnings gain 20%

AE's Q1 earnings gain 20%

May '06
American Eagle Outfitters, Inc announced that earnings for the first quarter ended April 29, 2006 increased 20 percent to $0.42 per diluted share from $0.35 per diluted share for the quarter ended April 30, 2005.

Included in the first quarter 2006 earnings per diluted share of $0.42 is $0.02 per share of stock option expense, which was not included last year. Net income for the fiscal 2006 first quarter increased to $64.2 million from $55.3 million for the same period last year.

"I'm extremely pleased with our first quarter performance, which improved on outstanding results in the first quarter of last year," said American Eagle CEO Jim O'Donnell. "We achieved strong sales and earnings growth, demonstrating consistent performance. And importantly, we made solid progress on a number of strategic growth initiatives."

First Quarter Results
Total sales increased 14 percent to $522.4 million from $456.5 million in the corresponding period last year. Comparable store sales increased 9 percent compared to a 27 percent increase last year.

Gross profit for the first quarter increased to $253.8 million, or 48.6 percent as a percent to sales, from $222.2 million, or 48.7 percent as a percent to sales last year.

The slight decline in gross profit as a percent to sales was due to a lower merchandise margin against a record high from last year, partially offset by the leveraging of buying, occupancy and warehousing costs.

Selling, general & administrative expense of $135.8 million was 26.0 percent as a percent to sales, compared to $116.5 million, or 25.5 percent as a percent to sales last year.

Must ReadView All

Pic: Shutterstock

Textiles | On 14th Apr 2021

Sri Lanka to ban fabric imports

Sri Lanka is all set to ban the import of textile fabrics in a bid to ...

Pic: Sorbis / Shutterstock.com

Apparel/Garments | On 14th Apr 2021

Bangladesh apparel exports dip 2.55% in July-March FY21

Readymade garment exports from Bangladesh declined by 2.55 per cent...

Pic: Shutterstock

Textiles | On 14th Apr 2021

US proposal for global minimum corporate tax finds takers in Europe

The idea of a global minimum corporate tax floated by the US has...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Value of 'Made in India' should get more importance

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

Textile Industry, Head honchos

Textile Industry
Head honchos

Opportunity now to reimagine processes & systems in a digital environment

Gus Bartholomew,

Gus Bartholomew

<b>Gus Bartholomew</b>, co-founder of SupplyCompass, explains to <b>Subir...

Ritu Oberoi,

Ritu Oberoi

Mumbai-based Forsarees is a socially driven business enterprise, working...

Kurt Wedgwood,

Kurt Wedgwood

From design to raw material to fabrication and ultimately to delivery -...

Dave Rousse, INDA

Dave Rousse

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Daniel Odermatt, Ventile

Daniel Odermatt

Ventile is a registered trademark used to brand a special high-quality...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha &amp; Jigar blends India's unique handcrafts...

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

April 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search