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

February 25, 2003 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 February 25, 2003
ITEM 9.	Regulation FD Disclosure.
	On February 25, 2003, American Eagle Outfitters, Inc. (the "Company") issued a press release announcing the Company's financial results for the fourth quarter ended February 1, 2003.  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: February 26, 2003	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 February 25, 2003

EX-99.1

EXHIBIT 99.1

AMERICAN EAGLE
OUTFITTERS

Reports 2002 Net Income of $88.7 Million, and
Fully Diluted EPS of $1.22

Warrendale, PA, February 25, 2003 - American Eagle Outfitters, Inc. (NASDAQ: AEOS) today announced its consolidated financial results for the fourth quarter ended February 1, 2003:

Fourth Quarter Ended February 1, 2003

• Total sales increased 5.9% to $491.6 million from $464.3 million for the quarter ended February 2, 2002.
• Sales for the fourth quarter 2002 included $22.2 million from the Bluenotes/Thriftys operation, compared to $29.7 million for the corresponding period last year.
• Comparable store sales for the American Eagle Outfitters stores declined 3.0% for the quarter ended February 1, 2003.
• Consolidated comparable store sales, which include American Eagle and Bluenotes/Thriftys stores, decreased 4.6% when compared to the corresponding period last year.
• Net income for the quarter decreased to $38.9 million, or $0.54 per share on a diluted basis, from net income of $43.9 million, or $0.60 per share on a diluted basis last year.

Year-to-Date for the Fifty-Two Weeks Ended February 1, 2003

• Total sales increased 6.7% to $1.463 billion from $1.372 billion for the fifty-two weeks ended February 2, 2002.
• Sales for the fifty-two weeks ended February 1, 2003 included $80.2 million from the Bluenotes/Thriftys operation, compared to $100.7 million for the corresponding period last year.
• Comparable store sales for the American Eagle Outfitters stores declined 4.3% when compared to the same fifty-two week period last year.
• Consolidated comparable store sales, which include American Eagle and Bluenotes/Thriftys stores, decreased 5.7% when compared to the corresponding period last year.
• Net income for the period decreased to $88.7 million, or $1.22 per share on a diluted basis, from net income of $105.5 million, or $1.43 per share on a diluted basis last year. 

Regarding current month sales, February is trending below plan, due to weak mall traffic, likely spurred by colder than average weather, snowstorms and the high terror alert.

* * * *

At 9:00 a.m. EST, on February 25, 2003, the Company's management team will host a conference call to review the financial results. To listen to the call, dial 877-601-0864 at least ten minutes prior to the start of the call. The conference call will also be simultaneously broadcast over the Internet at www.ae.com.  A replay will be available from 1:00 p.m. EST February 25th through March 14th. To listen to the replay, dial 1-800-642-1687 and reference confirmation code #7632325. An audio replay of the conference call will also be available at www.ae.com until May 15, 2003.

American Eagle Outfitters 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 697 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.

Company Contacts:    

Laura Weil
Judy Meehan
724-776-4857

AMERICAN EAGLE OUTFITTERS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Dollars in thousands)
		February 1, 2003		February 2, 2002
ASSETS
Cash and cash equivalents	$	194,526	$	180,398
Short-term investments		47,047		45,085
Merchandise inventory		124,708		91,096
Other current assets		68,089		61,451
Total current assets		434,370		378,030
Property and equipment, net		267,479		257,731
Goodwill, net		23,614		23,966
Other assets, net		19,699		12,994
Total Assets	$	745,162	$	672,721
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	$	50,608	$	39,067
Accrued compensation and payroll taxes		13,001		27,545
Accrued rent		28,476		29,779
Accrued income and other taxes		12,655		24,451
Current portion of note payable		4,225		4,044
Other current liabilities		32,621		25,056
Total current liabilities		141,586		149,942
Note Payable		16,356		19,361
Other non-current liabilities		9,738		1,366
Total non-current liabilities		26,094		20,727
Total stockholders' equity		577,482		502,052
Total Liabilities and Stockholders' Equity	$	745,162	$	672,721
Current Ratio		3.07		2.52

AMERICAN EAGLE OUTFITTERS, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (Dollars in thousands, except per share amounts)
		Three Months Ended				Twelve Months Ended
		February 1, 2003		February 2, 2002		February 1, 2003		February 2, 2002
		(unaudited)		(unaudited)
Net sales	$	491,554	$	464,300	$	1,463,141	$	1,371,899
Cost of sales, including certain buying,
occupancy and warehousing expenses		315,136		276,330		920,643		824,531
Gross profit		176,418		187,970		542,498		547,368
Selling, general and administrative expenses		101,614		105,511		350,752		339,020
Depreciation and amortization		13,247		12,523		50,661		41,875
Operating income		61,557		69,936		141,085		166,473
Other income, net		1,387		874		2,528		2,772
Income before income taxes		62,944		70,810		143,613		169,245
Provision for income taxes		24,068		26,908		54,878		63,750
Net income	$	38,876	$	43,902	$	88,735	$	105,495
Basic income per common share	$	0.55	$	0.61	$	1.24	$	1.47
Diluted income per common share	$	0.54	$	0.60	$	1.22	$	1.43
Weighted average common shares outstanding - basic		71,132		71,869		71,709		71,529
Weighted average common shares outstanding - diluted		72,034		73,558		72,783		73,797

Total square footage at end of period:
American Eagle Outfitters Stores	3,817,442	3,334,694
Bluenotes/Thriftys Stores	353,270	353,469

Store count at end of period:
American Eagle Outfitters Stores	753	678
Bluenotes/Thriftys Stores	111	112