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- American Eagle Outfitters Reports June 2009 Sales of 246.1 Million Dollars
American Eagle Outfitters Reports June 2009 Sales of 246.1 Million Dollars
- By Maxamillion Blick
- Published 07/9/2009
- Fashion News Articles
- Unrated
Maxamillion Blick
Fashion Industry Ghost Writer ... Freelance writer for the Apparel Search Company. A contributor as well as inspiration to Apparel Search. My goal is to make the Fashion Newspaper a leading resource for locating fashion news on the internet.
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American Eagle Outfitters, Inc. (NYSE: AEO) today announced that total sales for the five weeks ended July 4, 2009 decreased 4% to $246.1 million, compared to $255.9 million for the five weeks ended July 5, 2008. Comparable store sales decreased 11% for the month, compared to an 11% decrease for the same period last year.
June sales were on the low end of management’s expectations, due primarily to weak store traffic, particularly during the latter part of the month.
Total sales for the 22 week year-to-date period ended July 4, 2009 decreased 4% to $1.054 billion, compared to $1.096 billion for the 22 weeks ended July 5, 2008. Comparable store sales decreased 10% for the year-to-date period compared to an 8% decline for the same period last year.
The company is reiterating its second quarter earnings guidance of $0.12 to $0.15 per diluted share, compared to earnings of $0.29 per diluted share last year. This guidance excludes the possibility of additional impairments or losses related to investment securities.
To access the company’s recorded monthly sales commentary, please dial (866) 514-0390, or internationally dial (585) 267-8021.
American Eagle Outfitters, Inc., through its subsidiaries, (“AEO, Inc.”) offers high-quality, on-trend clothing, accessories and personal care products at affordable prices. The American Eagle Outfitters® brand targets 15 to 25 year old girls and guys, with 953 stores in the U.S. and Canada and online at www.ae.com. aerie® by american eagle offers Dormwear® and intimates collections for the AE® girl, with 131 standalone stores in the U.S. and Canada and online at www.aerie.com. MARTIN + OSA® provides Refined Casual™ fashions for 28 to 40 year old men and women at its 28 stores and online at www.martinandosa.com. The latest brand, 77kids™ by american eagle™, is available online only at www.77kids.com. 77kids offers “kid cool,” durable clothing and accessories for kids ages two to 10. AE.COM®, the online home of the brands of AEO, Inc. ships to more than 60 countries worldwide.
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