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AE registers record sales of $197.4mn for June

07
Jul '05
US based leading lifestyle retailer American Eagle Outfitters Inc announced total sales for the month ended July 2, 2005 increased 37.3% to a record $197.4 million, compared to $143.8 million for the month ended July 3, 2004. Comparable store sales increased 28.0% for the June period.

Total sales for the year-to-date twenty-two week period ended July 2, 2005 increased 34.7% to $792.3 million, compared to $588.1 million for the twenty-two week period ended July 3, 2004. Comparable store sales increased 25.4% for the year-to-date period.

Based on strong results in June, the company is raising its second quarter earnings guidance to $0.34 to $0.35 per share, which compares to earnings per share of $0.22 from continuing operations in the second quarter of last year, representing 55% to 59% EPS growth. The company's previous second quarter earnings guidance was $0.32 to $0.33 per share.

American Eagle Outfitters is a leading lifestyle retailer that designs, markets, and sells its own brand of relaxed, casual clothing for 15 to 25 year olds, providing high-quality merchandise at affordable prices. AE's collection includes modern basics like jeans, cargo pants, and graphic Ts as well as a stylish assortment of cool accessories, outerwear and footwear. American Eagle Outfitters currently operates 779 AE stores in 50 states, the District of Columbia and Puerto Rico, and 71 AE stores in Canada.

American Eagle Outfitters Inc


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