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- American Eagle Outfitters Reports March Sales of 243 Million Dollars
American Eagle Outfitters Reports March Sales of 243 Million Dollars
- By Maxamillion Blick
- Published 04/9/2009
- 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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March sales were consistent with the company’s range of sales expectations, and reflect the shift of Easter and related Spring breaks into April from March last year.
Total sales for the year-to-date nine week period ended April 4, 2009 decreased 5% to $419.8 million, compared to $442.4 million for the nine week period ended April 5, 2008. Comparable store sales decreased 13% for the year-to-date period compared to the same nine week period last year.
The company is revising first quarter earnings expectations to a range of $0.06 to $0.07 per share, compared to earnings of $0.21 per share last year. The company’s previous first quarter guidance was $0.04 to $0.07 per share. The earnings revision reflects AE’s planned and controlled promotional strategy. This revised guidance excludes potential additional impairment charges 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 951 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 116 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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