American Eagle Outfitters Inc achieves 26% sales rise

06 Oct '06
3 min read

American Eagle Outfitters, Inc. announced that total sales for the month ended September 30, 2006 increased 26% to $233.4 million, compared to $184.8 million for the month ended October 1, 2005. Comparable store sales increased 19% for the month.

September sales performance was driven by a well-received fall collection, which added freshness to stores during a key back-to-school selling period. Stores featured fresh colors, on-trend silhouettes and strong key items. Additionally, in early September, the company's new intimates sub-brand, aerie by American Eagle, debuted across the chain, to a positive customer response.

Total sales for the year-to-date thirty-five week period ended September 30, 2006 increased 17% to $1.635 billion, compared to $1.395 billion for the thirty-five week period ended October 1, 2005. Comparable store sales increased 11% for the year-to-date period.

Based on better-than-expected September performance, the company is raising its third quarter earnings guidance at $0.61 to $0.63 per share, compared to $0.47 per share last year. Previous third quarter guidance was $0.56 to $0.58 per share. Third quarter guidance includes stock option expense of approximately $0.01 per share. For the year, stock option expense is expected to be approximately $0.04 to $0.05 per share.

American Eagle Outfitters is a leading retailer that designs, markets and sells its own brand of laidback, current clothing targeting 15 to 25 year-olds, providing high-quality merchandise at affordable prices. AE's original collection includes standards like jeans and graphic Ts as well as essentials like accessories, outerwear, footwear, basics and swimwear. American Eagle Outfitters currently operates 822 stores in 50 states, the District of Columbia and Puerto Rico, and 72 AE stores in Canada.

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