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0000919012-09-000013.txt : 20090410
0000919012-09-000013.hdr.sgml : 20090410
20090410081327
ACCESSION NUMBER: 0000919012-09-000013
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 3
CONFORMED PERIOD OF REPORT: 20090409
ITEM INFORMATION: Results of Operations and Financial Condition
ITEM INFORMATION: Financial Statements and Exhibits
FILED AS OF DATE: 20090410
DATE AS OF CHANGE: 20090410
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: 0202
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33338
FILM NUMBER: 09744096
BUSINESS ADDRESS:
STREET 1: 77 HOT METAL STREET
CITY: PITTSBURGH
STATE: PA
ZIP: 15203
BUSINESS PHONE: 4124323300
MAIL ADDRESS:
STREET 1: 77 HOT METAL STREET
CITY: PITTSBURGH
STATE: PA
ZIP: 15203
8-K
1
aeo8kmarsales.htm
FORM 8-K
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)
April 9,
2009
AMERICAN EAGLE OUTFITTERS, INC.
(Exact name of registrant as specified
in its charter)
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Delaware |
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1-33338 |
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13-2721761 |
(State of incorporation) |
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(Commission File Number) |
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(IRS Employer Identification No.) |
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77 Hot Metal Street
Pittsburgh, Pennsylvania
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15203-2329 |
(Address of principal executive offices) |
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(Zip Code) |
(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):
[ ] |
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 2.02. |
Results of Operations and
Financial Condition |
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The information in this Item
2.02 of Form 8-K, including the accompanying exhibits, shall not be deemed to be
"filed" for the purposes of Section 18 of the Securities and Exchange Act of
1934 (the "Exchange Act"), or otherwise subject to the liability of such
section, nor shall such information be deemed incorporated by reference in any
filing under the Securities Act of 1933 or the Exchange Act, regardless of the
general incorporation language of such filing, except as shall be expressly set
forth by specific reference in such filing.
On April 9, 2009, the Company issued a
press release announcing, among other things, the Company's March 2009 sales.
A copy of the press release is attached hereto as Exhibit 99.1. The Company's
Management issued a recorded sales commentary on April 9, 2009 to review the
Company's sales results for the month ended April 4, 2009.
Additionally, Management revised its first quarter 2009 earnings guidance in both the press
release and the commentary. A
copy of the sales commentary transcript is attached hereto as Exhibit 99.2.
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ITEM 9.01. |
Financial Statements and Exhibits |
(c) Exhibits |
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Exhibit No. |
Description |
99.1* |
Press release dated April 9, 2009 announcing
March sales |
99.2* |
March sales
commentary transcript dated April 9, 2009 |
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* Such Exhibit is being "furnished" (not filed) pursuant to
Item 2.02 of the Current Report on Form 8-K. |
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.
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AMERICAN EAGLE OUTFITTERS, INC. |
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(Registrant) |
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Date:
April 9, 2009 |
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By: |
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/s/Neil Bulman, Jr.
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Neil Bulman, Jr. |
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Vice President, General Counsel and Secretary
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EXHIBIT INDEX
EX-99
2
ex991_marsalesrelease.htm
EXHIBIT 99.1 MARCH SALES RELEASE
Exhibit 99.1
AMERICAN EAGLE OUTFITTERS REPORTS MARCH SALES OF $243 MILLION
Exhibit 99.1
American Eagle Outfitters Reports March Sales Of $243
Million
Same Store Sales Decrease 16%
Revises first quarter EPS guidance to higher end of
range
Pittsburgh - April 9, 2009 -- American Eagle Outfitters, Inc. (NYSE: AEO)
today announced that total sales for the five weeks ended April 4, 2009
decreased 9% to $242.6 million, compared to $267.3 million for the five weeks
ended April 5, 2008. Comparable store sales decreased 16% for the month,
compared to a 12% decrease for the same period last year.
March sales were consistent with the company's range of sales expectations,
and reflect the shift of Easter and related Spring breaks into April from March
last year.
Total sales for the year-to-date nine week period ended April 4, 2009
decreased 5% to $419.8 million, compared to $442.4 million for the nine week
period ended April 5, 2008. Comparable store sales decreased 13% for the
year-to-date period compared to the same nine week period last year.
The company is revising first quarter earnings expectations to a range of
$0.06 to $0.07 per share, compared to earnings of $0.21 per share last year. The
company's previous first quarter guidance was $0.04 to $0.07 per share.
The earnings revision reflects AE's planned and controlled promotional
strategy. This revised guidance excludes potential additional
impairment charges or losses related to investment securities.
To access the company's recorded monthly sales commentary, please dial (866)
514-0390, or internationally dial (585) 267-8021.
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 951 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 116 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 28 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 first
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 first 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.
CONTACT: American Eagle Outfitters, Inc.
Judy Meehan,
412-432-3300
EX-99
3
ex992_marsalesscript.htm
EXHIBIT 99.2 MARCH SALES SCRIPT
Exhibit 99.2
EXHIBIT 99.2
American Eagle Outfitters, Inc.
March 2009
Recorded Sales Commentary dated April 9, 2009
Good morning and welcome to the American Eagle Outfitters March 2009 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 five weeks ended April 4, 2009 decreased 9% to $242.6
million, compared to $267.3 million for the five weeks ended April 5, 2008.
Consistent with our range of expectations, consolidated comparable store sales
decreased 16%, compared to a 12% decline for the same period last year.
March sales reflected the shift of Easter and related Spring breaks into
April this year from March last year, which impacted store traffic and
transactions, particularly in the second and third weeks of the month.
Promotions in the AE brand were targeted and controlled, resulting in an
increase in the average unit retail price compared to last March.
AE men's and women's businesses were affected similarly by the holiday shift
with comps in the negative mid-teens for both divisions. The best performing
categories included men's tee's and woven shirts; women's dresses, skirts,
shorts and fashion accessories. Men's and women's denim performed well in March
with significantly less price promotion.
Our direct business continues to have positive momentum, with consolidated
sales increasing 23% in March.
The new AE summer assortment arrives in stores next Tuesday, April
14th.
Regarding first quarter earnings. We are revising EPS expectations
to a range of $0.06 to $0.07, reflecting our controlled promotional strategy in
March. The previous guidance was $0.04 to $0.07 per share. The revised guidance
excludes potential impairment charges or losses related to investment
securities. This compares to EPS of $0.21 last year.
Thank you for your continued interest in American Eagle
Outfitters.
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