-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NzrZNKWXTcqA3V6DSk/DjzDVA9HSODJGqQfQVPHZuWKT1Fvztf3BvrkBOcuya9yv SCAm8xsY2C2DYfmhHXVKYA== 0000919012-02-000012.txt : 20021107 0000919012-02-000012.hdr.sgml : 20021107 20021107121956 ACCESSION NUMBER: 0000919012-02-000012 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20021106 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: FILED AS OF DATE: 20021107 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN EAGLE OUTFITTERS INC CENTRAL INDEX KEY: 0000919012 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FAMILY CLOTHING STORES [5651] IRS NUMBER: 132721761 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-23760 FILM NUMBER: 02812152 BUSINESS ADDRESS: STREET 1: 150 THORN HILL DR STREET 2: PO BOX 788 CITY: WARRENDALE STATE: PA ZIP: 15086 BUSINESS PHONE: 4127764857 MAIL ADDRESS: STREET 1: 150 THORN HILL DRIVE STREET 2: P O BOX 788 CITY: WARRENDALE STATE: PA ZIP: 15086 8-K 1 aeo8koctsales.htm 8K OCTOBER SALES 8-k

SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 8-K
CURRENT REPORT

Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

November 6 , 2002
Date of Report (Date of earliest event reported)

AMERICAN EAGLE OUTFITTERS, INC.
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction of incorporation)

0-23760

 

13-2721761

(Commission File Number)

 

(IRS Employer Identification No.)

 

 

 

150 Thorn Hill Drive

 

15086-7528

Warrendale, Pennsylvania

 

(Zip Code)

(Address of principal executive offices)

 

 

(724) 776-4857
(Registrant's telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report)


 

 ITEM 7.

 Financial Statements, Pro Forma Financial Information and Exhibits. 

 

(c) Exhibits

   Exhibit No.

                   Description

 

         99.1 Press Release dated November 6, 2002
ITEM 9. Regulation FD Disclosure.
On November 6, 2002, American Eagle Outfitters, Inc. (the "Company") issued a press release announcing the Company's October 2002 sales.  A copy of this press release is attached hereto as Exhibit 99.1.

 

 


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

AMERICAN EAGLE OUTFITTERS, INC.

 

 

 

 

 

 

 

 

 

 

 

Dated: November 7, 2002

 

By:

/s/ Laura A. Weil

 

 

 

Name:

Laura A. Weil

 

 

 

 

Executive Vice President and
Chief Financial Officer

 


EXHIBIT INDEX

Exhibit No.

Description

 

 

Exhibit 99.1

Press Release dated November 6, 2002


EX-99.1 3 ex_9918koctsales2.htm EXHIBIT 99.1 OCTOBER SALES EXHIBIT 99.1

EXHIBIT 99.1

 

AMERICAN EAGLE
OUTFITTERS

Reports October Total Sales of $104.8 Million, an Increase of 6.4%

Warrendale, PA, November 6, 2002 - American Eagle Outfitters, Inc. (NASDAQ: AEOS) today announced that total sales for the four-week period ended November 2, 2002 increased 6.4% to $104.8 million, compared to $98.4 million for the four-week period ended November 3, 2001. Total sales for the period include $5.2 million from the Bluenotes/Thriftys operation, compared to $6.7 million for the corresponding period last year.

Comparable store sales for the American Eagle Outfitters stores declined 2.0% for the October period. Consolidated comparable store sales, which include American Eagle and Bluenotes/Thriftys stores, decreased 3.5% for the month compared to the corresponding period ended November 3, 2001. Bluenotes/Thriftys comparable store sales declined 23.3% in October compared to last year.

Total sales for the thirteen-week period ended November 2, 2002 increased 3.0% to $374.5 million from $363.7 million for the thirteen-week period ended November 3, 2001. Total sales for the period include $21.7 million from the Bluenotes/Thriftys operation, compared to $29.4 million for the corresponding period last year.

Comparable store sales for the American Eagle Outfitters stores declined 5.2% for the thirteen-week period ended November 2, 2002. Consolidated comparable stores sales, which include American Eagle and Bluenotes/Thriftys stores, decreased 7.0% for the thirteen-week period compared to the corresponding period ended November 3, 2001. Bluenotes/Thriftys comparable store sales declined 27.5% for the period compared to last year.

Total sales for the thirty-nine week period ended November 2, 2002 increased 7.0% to $971.6 million from $907.6 million for the thirty-nine week period ended November 3, 2001. Total sales for the period include $58.0 million from the Bluenotes/Thriftys operation, compared to $70.9 million for the corresponding period last year.

Comparable store sales for the American Eagle Outfitters stores declined 5.0% for the thirty-nine week period ended November 2, 2002. Consolidated comparable store sales, which include American Eagle and Bluenotes/Thriftys stores, decreased 6.2% for the thirty-nine week period compared to the corresponding period ended November 3, 2001. Bluenotes/Thriftys comparable store sales declined 20.6% for the period compared to last year.

After a disappointing August and September, October sales exceeded our expectations. As a result, third quarter earnings per share will be at or slightly above the high end of the $0.31 to $0.34 range, which the Company discussed in its September sales release. While it is still early in the fourth quarter, if current sales momentum continues, there could be upside to the fourth quarter First Call consensus estimate of $0.51.

To access our recorded monthly sales commentary, please call 800-642-1687, conference code #3282124.

American Eagle Outfitters (NASDAQ: AEOS) is a leading lifestyle retailer that designs, markets, and sells its own brand of relaxed, versatile clothing for 16 to 34 year-olds, providing high-quality merchandise at affordable prices. AE's lifestyle collection includes casual basics like khakis, cargos, and jeans; fashion tops like rugbys, polos, and graphic T's; and functional items like swimwear, outerwear, footwear, and accessories. AE's Canadian subsidiary, Bluenotes/Thriftys, targets a slightly younger demographic, offering a more urban/suburban, denim-driven collection for 12 to 22 year-olds. American Eagle Outfitters currently operates 687 AE stores in 48 states and the District of Columbia, 56 AE stores in Canada, and 111 Bluenotes/Thriftys stores in Canada. AE also operates via its internet business, ae.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements, which represent our expectations or beliefs concerning future events, specifically regarding third and fourth quarter earnings. All forward-looking statements made by the Company involve material risks and uncertainties and are subject to change based on factors beyond the Company's control. Such factors include, but are not limited to the risk that our fourth quarter sales and third and fourth quarter financial plans may not be achieved, and those other risks described in the Company's filings with the Securities and Exchange Commission. Accordingly, the Company's future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements. The Company does not undertake to publicly update or revise its forward-looking statements even if future changes make it clear that projected results expressed or implied will not be realized.

Company Contacts:    

Laura Weil
Judy Meehan
724-776-4857

 

 


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