American Eagle Outfitters Same Store sales decrease 5%

Fashion

American Eagle Outfitters Same Store sales decrease 5%

American Eagle Outfitters Inc announced that total sales for the four weeks ended August 30, 2008 increased 3% to $320.0 million, compared to $311.3 million for the four weeks ended September 1, 2007. Comparable store sales decreased 5% for the month, compared to a 9% increase for the same period last year. Total sales for the 30 weeks ended August 30, 2008 increased 1% to $1.649 billion, compared to $1.627 billion for the 30 weeks ended September 1, 2007. Comparable stores sales decreased 7% for the year-to-date period compared to the same 30 week period last year. The company maintained its third quarter EPS guidance of $0.31 to $0.36, compared to $0.45 per share last year. American Eagle Outfitters designs, markets and sells its own brand of laidback, current clothing targeting 15 to 25 year-olds, providing high-quality merchandise at affordable prices. The original collection includes standards like jeans and graphic Ts as well as essentials like accessories, outerwear, footwear, basics and swimwear.

American Eagle Outfitters Inc

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