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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)
August 6,
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 July Sales Of $215.0
Million Same Store Sales Decrease 11% Updates second quarter EPS Pittsburgh - August 6, 2009 -- American Eagle Outfitters, Inc. (NYSE: AEO)
today announced that total sales for the four weeks ended August 1, 2009
decreased 8% to $215.0 million, compared to $232.8 million for the four weeks
ended August 2, 2008. Comparable store sales decreased 11% for the month,
compared to a 7% decrease for the same period last year. July sales performance was in the range of the company's expectations, and
reflected a continuation of recent trends in store traffic patterns. In part,
July also reflected a later back-to-school calendar and the shift of tax-free
events from July into August this year. Although the AE business was still
challenging overall, the new AE denim collection has been well received, posting
positive comparable store sales. Total sales for the second quarter ended August 1, 2009 decreased 5% to
$657.6 million, compared to $688.8 million for the quarter ended August 2, 2008.
Comparable store sales decreased 10% for the 13 week period compared to a 9%
decrease for the same period last year. Total sales for the 26 week year-to-date period ended August 1, 2009
decreased 5% to $1.270 billion, compared to $1.329 billion for the 26 weeks
ended August 2, 2008. Comparable store sales decreased 10% for the year-to-date
period compared to a 7% decline for the same period last year. The company now expects second quarter earnings of $0.16 per diluted share,
which includes an expected tax benefit of approximately $0.02 per diluted share.
This compares to second quarter earnings of $0.29 per diluted share last year.
This guidance excludes the possibility of additional impairments or losses
related to investment securities. The company's previous second quarter earnings
guidance was $0.12 to $0.15 per share. To access the company's recorded monthly sales commentary, please dial (866)
514-0390, or internationally dial (585) 267-8021. The company will announce second quarter earnings on Thursday, August 27.
Management will host a conference call at 9:00 a.m. Eastern Time that morning.
To listen to the call, please dial (877) 407-0789 or internationally dial (201)
689-8562. The conference call will also be simultaneously broadcast over the
Internet at http://www.ae.com/. Anyone unable
to listen to the call may access a replay beginning August 27, 2009 at 12:00
p.m. Eastern Time. To listen to the replay, dial (877) 660-6853, or
internationally dial (201) 612-7415, and reference account 3055 and confirmation
code 322154. An audio replay of the conference call will also be available at http://www.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 954 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 132 standalone stores in the U.S. and Canada and
online at www.aerie.com. MARTIN + OSA provides clothing and
accessories 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
EXHIBIT 99.2 American Eagle Outfitters, Inc. Recorded Sales
Commentary dated August 6, 2009 Good morning and welcome to the American Eagle Outfitters July 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 August 1, 2009 decreased 8% to $215.0
million, compared to $232.8 million for the four weeks ended August 2, 2008.
Comparable store sales decreased 11%, compared to a 7% decrease for
the same period last year.
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:
August 6, 2009
By:
Joan Holstein Hilson
EXHIBIT INDEX
July 2009
AE men's and women's comps declined in the low double digits. Knit tops continued to be challenging, with the exception of an improvement in graphic tees.
However, we were pleased with a strong customer response to our newly-designed AE denim collection, which posted positive comps in both men's and women's. We are also seeing a positive reaction to certain new trends, and on-going strength in women's dresses and jewelry.
By geographic region, comps were the best in the Northeast and Mid-Atlantic US regions and Canada, where comps declined in the low to mid single-digits. The most challenging regions continue to be the West and Southeast, where comps were negative mid- to high-teen. For AEO direct, July sales increased 17% driven by higher traffic and conversion.
As we approach the heart of the back-to-school season, this week, we updated our floor with a greater amount of newness compared to prior years. Also, we are highlighting AE jeans through powerful in-store marketing, direct mail and e-mail campaigns. Additionally, we are launching a more extensive advertising campaign with high-impact outdoor advertising in key markets such as New York, Los Angeles, Chicago, and Toronto. We are also using mall advertising and social media outreach as critical drivers of brand awareness and store traffic.
Now regarding earnings, we expect second quarter EPS to be $0.16 per share, which includes a tax benefit of approximately $0.02. This guidance excludes the possibility of additional impairments or losses related to investment securities. Our previous second quarter EPS guidance was $0.12 to $0.15.
We will report second quarter earnings on Thursday, August 27th. 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.
Thank you for your continued interest in American Eagle Outfitters.
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