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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 6, 2008
AMERICAN EAGLE OUTFITTERS, INC.
(Exact name of registrant as specified
in its charter)
77 Hot Metal Street
(412) 432-3300
(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):
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.
/s/Joan Holstein Hilson
Executive Vice President
and Chief Financial Officer, AE Brand
Exhibit 99.1
American Eagle Outfitters Reports October Sales Of $204.8 Million
Same
Store Sales Decrease 12% Updates Third Quarter EPS Guidance Pittsburgh - November 6, 2008 -- American Eagle Outfitters, Inc. (NYSE: AEO)
today announced that total sales for the four weeks ended November 1, 2008
decreased 3% to $204.8 million, compared to $210.2 million for the four weeks
ended November 3, 2007. Comparable store sales decreased 12% for the month,
compared to a 3% decrease for the same period last year. Total sales for the third quarter ended November 1, 2008 increased 1% to
$754.0 million, compared to $744.4 million last year. Comparable store sales
decreased 7% for the third quarter period compared to the same period last year.
Total sales for the year-to-date nine month period ended November 1, 2008
increased 1% to $2.083 billion, compared to $2.060 billion for the nine month
period ended November 3, 2007. Comparable stores sales decreased 7% for the
year-to-date period compared to the same period last year. Based on October sales and operating results, the company now expects third
quarter EPS to be approximately $0.30 compared to $0.45 last year. This guidance
does not include the impact of an other-than-temporary impairment charge
relating to auction rate securities. The amount of that charge will be included
in a Form 8-K filing, when the valuation is complete. To access the company's recorded monthly sales commentary, please dial (866)
514-0390, or internationally dial (585) 267-8021. The company will announce third quarter earnings on Tuesday, November
25th. Management will host a conference call at 9:00 a.m. Eastern
Time that morning. To listen to the call, please dial 1-877-407-0789. The call
can also be accessed through ae.com. 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 958 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 111 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 27 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. "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
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 the Company's third quarter earnings expectations may not be achieved
and the risks described in the Risk Factor Section of the company's Form 10-K
and Form 10-Q filed 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.
Pittsburgh, Pennsylvania
[ ]
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))
AMERICAN EAGLE OUTFITTERS, INC.
(Registrant)
Date:
November 7, 2008
By:
Joan Holstein Hilson
EXHIBIT INDEX
Contact:
American Eagle Outfitters, Inc.
Judy Meehan, 412-432-3300
EXHIBIT 99.2
American Eagle Outfitters, Inc.
October 2008
Recorded Sales Commentary Transcript dated November 6, 2008
Good morning and welcome to the American Eagle Outfitters October 2008 Sales Commentary. This is Judy Meehan, Vice President of Investor Relations. During this call, I will make certain forward-looking statements based on our current expectations. Actual results may be materially different based on risk factors included in our quarterly and annual reports filed with the SEC.
Total sales for the four weeks ended November 1, 2008 decreased 3%, to $204.8 million compared to $210.2 million for the four weeks ended November 3, 2007. Comparable store sales decreased 12%, compared to a 3% decline for the same period last year.
The retail environment became more challenging in October, and sales were below our range of expectations. Traffic was inconsistent throughout the month, with particular softness at the beginning of October and during the final weekend, which included Halloween. With that said, customers continued to respond to our strong promotional stance, and inventory is consistent with our expectation. Demand for women's apparel remained weak, and comps declined 20% in October. The men's business posted a slight comp increase in the month.
The e-commerce business continued to demonstrate strong performance. October sales increased 37%, driven by increases in both unique customer visits and conversion. On October 23rd we launched 77kids on-line to a very positive initial customer response.
We will set an updated AE holiday collection on November 19th, in time for the Thanksgiving weekend. The new line will feature gift giving items, supported by strong promotional pricing.
Based on October sales and operating results, we now expect third quarter EPS to be approximately $0.30. This guidance does not include a charge related to the impairment of auction rate securities. The amount of that charge will be included in an 8-K filing when the valuation is complete.
We will report third quarter financial results on Tuesday, November 25th, and management will host a conference call at 9:00am eastern time. To listen to the call, please dial 1-877-407-0789.
Thank you for your continued interest in American Eagle Outfitters.