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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)
June 4,
2009
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
Exhibit 99.1 American Eagle Outfitters Reports May Sales Of $195.5
Million Same Store Sales Decrease 7% Reiterates Second quarter EPS guidance Pittsburgh - June 4, 2009 -- American Eagle Outfitters, Inc. (NYSE: AEO)
today announced that total sales for the four weeks ended May 30, 2009 decreased
2% to $195.5 million, compared to $200.0 million for the four weeks ended May
31, 2008. Comparable store sales decreased 7% for the month, compared to a
9% decrease for the same period last year. May sales were consistent with the company's range of expectations and
reflect an improved trend in store traffic and transactions relative to the
previous two quarters. Total sales for the 17 week year-to-date period ended May 30, 2009 decreased
4% to $807.5 million, compared to $840.4 million for the 17 weeks ended May 31,
2008. Comparable store sales decreased 9% for the year-to-date period compared
to a 6% decline for the same period last year. The company is reiterating its second quarter earnings guidance of $0.12 to
$0.15 per diluted share, compared to earnings of $0.29 per diluted share last
year. This guidance excludes the possibility of additional impairments 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 953 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 131 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 second
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 second 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
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:
June 4, 2009
By:
Joan Holstein Hilson
EXHIBIT INDEX
EXHIBIT 99.2
American Eagle Outfitters, Inc.
May 2009
Recorded Sales Commentary dated June 4, 2009
Good morning and welcome to the American Eagle Outfitters May 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 four weeks ended May 30, 2009 decreased 2% to $195.5 million, compared to $200.0 million for the four weeks ended May 31, 2008. Consolidated comparable store sales decreased 7%, compared to a 9% decrease for the same period last year.
May sales were consistent with our expectations. We were pleased to see overall trends in store traffic and transactions show improvement. Customers are responding well to our latest merchandise update and new promotional events. The AE women's business strengthened to a negative mid single-digit comp, from negative low double-digits in the first quarter. The improvement was driven by new fashion items in our summer collection. We continue to make progress in a number of important categories, including AE jeans and fashion tops. AE Men's declined in the low double digits, primarily due to shorts.
Geographically, we experienced particular weakness in the West, Southwest and Southeast, which declined in the low double digits. This was primarily due to traffic declines. The best regions included Canada which comped positively and the Northeastern U.S. which declined slightly.
AEO direct increased 7% in May, driven by increased traffic.
We are reiterating our second quarter earnings guidance of $0.12 to $0.15 per share. This guidance excludes the possibility of additional impairments or losses related to investment securities. This compares to EPS of $0.29 last year.
Thank you for your continued interest in American Eagle Outfitters.