EXHIBIT 99.1

NEWS RELEASE

AMERICAN EAGLE

OUTFITTERS

Reports Record Third Quarter EPS of $0.47

versus $0.39 from Continuing Operations Last Year;

Comparable Store Sales Increase 13.6%;

Provides Fourth Quarter EPS Guidance

Warrendale, PA, November 15, 2005 - American Eagle Outfitters, Inc. (NASDAQ: AEOS) today announced its consolidated financial results for the third quarter ended October 29, 2005.

Third Quarter Ended October 29, 2005

• Total sales increased 20.5% to $577.7 million from $479.6 million for the quarter ended October 30, 2004.

• Comparable store sales increased 13.6%, compared to a 26.8% comparable store sales increase for the corresponding period last year.

• Gross profit for the quarter increased to $269.4 million, or 46.6% as a percent to sales, from $233.9 million, or 48.8% as a percent to sales last year. The decline in gross profit as a percent to sales compared to last year was due primarily to a lower merchandise margin, partially offset by the leveraging of rent expense.

• Operating income for the quarter increased to $113.3 million, or 19.6% as a percent to sales, from $96.9 million, or 20.2% as a percent to sales last year.

• Net income for the quarter increased to $73.3 million, or $0.47 per share on a diluted basis, from net income of $57.9 million, or $0.38 per share on a diluted basis last year (which included a $0.01 loss from discontinued operations).

Year-to-Date for the Nine Months Ended October 29, 2005

• Total sales increased 28.0% to $1.545 billion from $1.207 billion for the nine months ended October 30, 2004.

• Comparable store sales increased 19.8%, compared to a 17.5% comparable store sales increase for the same nine month period last year.

• Gross profit for the period increased to $719.5 million, or 46.6% as a percent to sales, from $545.4 million, or 45.2% as a percent to sales last year. The increase in gross profit as a percent to sales compared to last year was due primarily to the leveraging of rent expense.

• Operating income for the period increased to $286.9 million, or 18.6% as a percent to sales, from $191.0 million, or 15.8% as a percent to sales last year.

• Net income for the period increased to $186.6 million, or $1.19 per share on a diluted basis, from net income of $112.4 million, or $0.75 per share on a diluted basis last year (which included a $0.04 loss from discontinued operations).

During the quarter, the Company completed the repurchase of 6.0 million shares of common stock for approximately $139 million, which were available under the Company's repurchase program authorization.

Management indicated that it expects fourth quarter earnings per share to be in the range of $0.73 to $0.75. This compares to earnings of $0.70 per share from continuing operations in the fourth quarter of last year.

* * * *

At 9:00 a.m. Eastern Standard Time, on November 15, 2005, 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 beginning November 15th at 12:00 p.m. Eastern Standard Time through November 29th. To listen to the replay, dial 800-642-1687 and reference confirmation code 9827606#. An audio replay of the conference call will also be available at www.ae.com.

* * * *

American Eagle Outfitters (NASDAQ: AEOS) 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 797 AE stores in 50 states, the District of Columbia and Puerto Rico, and 71 AE stores in Canada. AE also operates via its Web business, www.ae.com, which offers additional sizes and styles of favorite AE merchandise. The company plans to open MARTIN + OSA, a new sportswear concept targeting 25 to 40 year old women and men, in the fall of 2006. For additional information and updates visit www.martinandosa.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 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, markdowns and/or earnings expectations may not be achieved, and those other risks described in the "Management's Discussion and Analysis of Financial Condition and Results of Operations" section of 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.

AMERICAN EAGLE OUTFITTERS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Dollars in thousands)
		October 29, 2005		January 29, 2005		October 30, 2004
		(Unaudited)				(Unaudited) (Restated)
ASSETS
Cash, cash equivalents and short-term investments	$	556,375	$	589,607	$	384,640
Merchandise inventory		253,476		137,991		204,972
Other current assets		106,692		100,042		95,298
Total current assets		916,543		827,640		684,910
Property and equipment, net		351,855		353,213		375,042
Goodwill, net		10,136		10,136		10,136
Long-term investments		123,461		84,416		34,155
Other assets, net		26,588		18,254		25,355
Total Assets	$	1,428,583	$	1,293,659	$	1,129,598
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	$	104,386	$	76,344	$	84,303
Accrued compensation and payroll taxes		48,732		36,008		39,985
Accrued rent		49,473		45,089		42,164
Accrued income and other taxes		17,257		33,926		27,646
Unredeemed stored value cards and gift certificates		19,065		32,724		15,451
Current portion of deferred lease credits		10,422		9,798		10,147
Other current liabilities		15,858		16,152		12,489
Total current liabilities		265,193		250,041		232,185
Deferred lease credits		64,021		57,758		58,678
Other non-current liabilities		29,667		22,374		24,960
Total non-current liabilities		93,688		80,132		83,638
Total stockholders' equity		1,069,702		963,486		813,775
Total Liabilities and Stockholders' Equity	$	1,428,583	$	1,293,659	$	1,129,598
Current Ratio		3.46		3.31		2.95

* * * *

AMERICAAN EGLE OUTFITTERS, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (Dollars and shares in thousands, except per share amounts) (Unaudited)
		Three Months Ended				Nine Months Ended
		October 29, 2005		October 30, 2004		October 29, 2005		October 30, 2004
				(Restated)				(Restated)
Net sales	$	577,665	$	479,585	$	1,545,004	$	1,207,217
Cost of sales, including certain buying, occupancy and warehousing expenses		308,298		245,727		825,497		661,786
Gross profit		269,367		233,858		719,507		545,431
Selling, general and administrative expenses		137,324		119,642		377,222		304,443
Depreciation and amortization		18,746		17,345		55,429		49,969
Operating income		113,297		96,871		286,856		191,019
Other income (expense), net		4,083		(645)		11,507		786
Income before income taxes		117,380		96,226		298,363		191,805
Provision for income taxes		44,023		37,521		111,788		74,517
Income from continuing operations, net of tax		73,357		58,705		186,575		117,288
Income (loss) from discontinued operations, net of tax		(37)		(807)		37		(4,862)
Net income	$	73,320	$	57,898	$	186,612	$	112,426
Basic per common share amounts:
Income from continuing operations	$	0.48	$	0.40	$	1.22	$	0.81
Loss from discontinued operations		-		-		-		(0.03)
Net income per basic common share	$	0.48	$	0.40	$	1.22	$	0.78
Diluted per common share amounts:
Income from continuing operations	$	0.47	$	0.39	$	1.19	$	0.79
Loss from discontinued operations		-		(0.01)		-		(0.04)
Net income per diluted common share	$	0.47	$	0.38	$	1.19	$	0.75
Weighted average common shares outstanding - basic		152,776		146,004		152,767		144,506
Weighted average common shares outstanding - diluted		155,987		151,570		156,658		148,937
Total gross square footage at end of period:						4,719,741		4,489,606
Store count at end of period:						864		839

Company Contact:	Financial Media Contact:
Judy Meehan	Berns Communications Group
724-776-4857	Stacy Berns/Melissa Jaffin
	212-994-4660