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Lifestyle retailer AE posts record sales in July

Aug '05
Leading lifestyle retailer American Eagle Outfitters Inc announced the total sales for the month ended July 30, 2005 increased 25.4% to a record $175.0 million, compared to $139.6 million for the month ended July 31, 2004. Comparable store sales increased 17.1% for the July period.

Total sales for the second quarter ended July 30, 2005 increased 29.8% to $513.3 million, compared to $395.4 million for the quarter ended July 31, 2004. Comparable store sales increased 21.1% for the quarter.

Total sales for the year-to-date twenty-six week period ended July 30, 2005 increased 32.9% to $967.3 million, compared to $727.6 million for the twenty-six week period ended July 31, 2004. Comparable store sales increased 23.8% for the year-to-date period.

The company expects to report earnings of approximately $0.35 to $0.36 per share, which compares to earnings per share of $0.22 from continuing operations in the second quarter of last year, representing approximately 60% EPS growth. The company's previous second quarter earnings guidance was $0.34 to $0.35 per share.

To access their recorded monthly sales commentary, please call 800-642-1687, conference code No 3282124.

Warrendale based 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 783 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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