Leading lifestyle retailer American Eagle Outfitters Inc announced that total sales for the month ended October 29, 2005 increased 22.7 percent to a record $157.0 million, compared to $127.9 million for the month ended October 30, 2004. Comparable store sales increased 17.3 percent for the October period.
Total sales for the year-to-date thirty-nine week period ended October 29, 2005 increased 28.0 percent to $1.545 billion, compared to $1.207 billion for the thirty-nine week period ended October 30, 2004. Comparable store sales increased 19.8 percent for the year-to-date period.
Based on strengthened sales trends in October, and a lower effective tax rate, the company is revising its third quarter earnings expectation to $0.45 to $0.46 per share, compared to $0.39 from continuing operations last year. The company's previous third quarter guidance was $0.43 to $0.44.
To access our recorded monthly sales commentary, please call 800-642-1687, conference code #3282124.
The company will report third quarter financial results on Tuesday, November 15, 2005. To listen to the 9:00 a.m. EST conference call, please dial 877-601-0864, or go to the company's website, www.ae.com.
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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