-----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, ACMR0ztbtm28asmiN6tQFvlS4EDkXuhXcorKBi7QUrD77Rs0NK8fp1W3OXOGosVA oCTS1qVRp+2yy/aQ4oww9w== 0000919012-05-000063.txt : 20051202 0000919012-05-000063.hdr.sgml : 20051202 20051202134130 ACCESSION NUMBER: 0000919012-05-000063 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20051130 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20051202 DATE AS OF CHANGE: 20051202 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: 051240073 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 aeo8knovembersales.htm FORM 8-K NOVEMBER SALES American Eagle Outfitters, Inc. Form 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM 8-K

 


 

CURRENT REPORT  

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

 

Date of Report

(Date of earliest event reported)

 

November 30, 2005  


 

AMERICAN EAGLE OUTFITTERS, INC.  

(Exact name of registrant as specified in its charter)

 


 

         
Delaware
 
0-23760
 
13-2721761
(State of incorporation)
 
(Commission File Number)
 
(IRS Employer Identification No.)

 

     

150 Thorn Hill Drive
Warrendale, Pennsylvania

 
15086-7528
(Address of principal executive offices)
 
(Zip Code)

 

(724) 776-4857

(Registrant's telephone number, including area code)

 

N/A

(Former name or former address, if changed since last report)

 


 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

[   ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

[   ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

[   ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

[   ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 


 


 

 ITEM 7.01. Regulation FD Disclosure
On November 30, 2005, American Eagle Outfitters, Inc. (the "Company") issued a press release announcing, among other things, the Company's November 2005 sales.  A copy of the press release is attached hereto as Exhibit 99.1.

The Company's Management issued a recorded sales commentary on November 30, 2005 to review the Company's sales results for the month ended November 26, 2005. Additionally, Management revised its fourth quarter 2005 earnings expectation in the commentary.  A copy of the sales commentary transcript is attached hereto as Exhibit 99.2.

 ITEM 9.01. Financial Statements and Exhibits
(c) Exhibits
   
Exhibit No. Description
99.1 Press Release dated November 30, 2005 announcing November sales
99.2 November Sales Commentary Transcript dated November 30, 2005

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.
    (Registrant)
Date: December 2, 2005   By:  

/s/ Dale E. Clifton

        Dale E. Clifton
        Senior Vice President and
Chief Accounting Officer

 



EXHIBIT INDEX

 


Exhibit
Number

 

Description


99.1* Press Release dated November 30, 2005 announcing November sales
99.2* November Sales Commentary Transcript dated November 30, 2005
 * Such Exhibit is being "furnished" (not filed) pursuant to Item 7.01 of the Current Report on Form 8-K.

 

EX-99 2 ex991_8knovembersales.htm EX-99.1 NOVEMBER SALES RELEASE EXHIBIT 99.1

EXHIBIT 99.1

NEWS RELEASE

AMERICAN EAGLE
OUTFITTERS

Reports Record November Sales of $202.4 Million, an Increase of 6.9%

Same Store Sales Increased 1.7%

Revises Fourth Quarter EPS Guidance

Warrendale, PA, November 30, 2005 -- American Eagle Outfitters, Inc. (NASDAQ: AEOS) today announced that total sales for the month ended November 26, 2005 increased 6.9% to a record $202.4 million, compared to $189.5 million for the month ended November 27, 2004. Comparable store sales increased 1.7% for the November period.

Total sales for the year-to-date forty-three week period ended November 26, 2005 increased 25.1% to $1.747 billion, compared to $1.397 billion for the forty-three week period ended November 27, 2004. Comparable store sales increased 17.4% for the year-to-date period.

November sales were below management's expectations. Based on the company's current view of business, management is revising its fourth quarter earnings guidance to $0.70 to $0.72 per share from $0.73 to $0.75 per share. Earnings estimates include a tax charge of approximately $0.02 related to the repatriation of foreign earnings. Last year, the Company's fourth quarter earnings were $0.70 per share from continuing operations. 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, 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 799 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 holiday assortments are not well received, and as a result, 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.

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

EX-99 3 ex992_8ktranscript.htm EX-99.2 NOVEMBER SALES TRANSCRIPT Exhibit 99.2

EXHIBIT 99.2

American Eagle Outfitters, Inc.
November 2005
Recorded Sales Commentary Transcript dated November 30, 2005

Welcome to the American Eagle Outfitters November 2005 Sales Commentary. This is Joan Hilson, Senior Vice President of Finance. During this call, I will make certain forward-looking statements, which represent the company's current expectations or beliefs. The results actually realized may differ materially from those expectations or beliefs based on risk factors included in the Management's Discussion and Analysis sections of our quarterly and annual reports filed with the SEC.

Total sales for the month ended November 26th, 2005, increased 6.9% to $202.4 million, compared to $189.5 million for the same month last year. Comparable store sales increased 1.7%, which compares to a 24.3% comp increase last year.

Although it was a record month, clearly, we are not satisfied with our November comp performance. Trends during the first three weeks of the month were challenging. While business strengthened in week four, we expected and planned for a greater sales lift during the final week of the month.

Looking at the components of November sales, store traffic was down through week three, but did turn positive in the fourth week, and was slightly positive for the month. Transactions per store increased in the mid single-digits. Our transaction value declined due to a low single-digit decline in units per transaction. Our average unit retail price increased in the low single-digits.

Regarding our merchandise performance, although a number of key categories had strong performance, we did not have consistency across all areas of our business.

Our women's division, which is a larger portion of sales mix, experienced a mid single-digit comp decline. Within key categories, women's sweaters underperformed. Customers responded favorably to women's denim, knit tops, intimates and outerwear, resulting in a positive comp. Our customers responded well to our men's holiday assortment, which achieved a positive low-teen comp. All key men's categories performed well, with the exception of woven shirts and sweaters.

Gift card purchases were strong, producing an average store increase in the low-twenties, demonstrating the continued strength of the AE brand. We also had a very solid performance from ae.com, our on-line shopping venue, which had a 39% increase in sales during November.

Turning to comps by week:

Week one increased in the low single-digits, compared to a low-twenty increase last year;

Week two declined in the low single-digits, compared to a high-twenty increase;

Week three also declined in the low single-digits, compared to a mid-forty comp increase; and

Week four comped in the positive mid single-digits, compared to a mid-teen comp increase last year.

By Region:

The Southeast achieved a positive mid-single digit comp. The regions in the Mid-Atlantic, the Northeast and the Southwest increased in the low single-digits. The West declined in the low single-digits and the Mid-West declined in the mid single-digits. Our Canadian stores comped in the positive low double-digits.

It is early in the quarter, with over 70% of our sales still ahead. Yet based on the current view of our business, we are revising our fourth quarter earnings expectation to 70 to 72 cents per share from our previous guidance of 73 to 75 cents per share. Keep in mind that our earnings estimates include a tax charge of approximately 2 cents related to the repatriation of foreign earnings. This compares to fourth quarter earnings from continuing operations last year of 70 cents per share.

Although November did not meet our expectations, we are encouraged by the increase in store traffic over the Thanksgiving weekend, the positive response to certain key items and categories in our assortment and the continued customer loyalty to the AE brand. Our Spring Transition assortment arrives in stores on December 24th and it is designed to capitalize on the robust after-Christmas store traffic.

Thanks very much for your interest in American Eagle Outfitters.


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