AEOS strikes again.. AEOS Reports Record 121% Increase in Earnings For the Third Quarter 1998 on 42.1% Sales Increase.. This has been so wonderful for so long but I opted not to hold through earnings because it had run up. Still it's been on a roll for weeks now.
WARRENDALE, Pa., Nov. 18 /PRNewswire/ -- American Eagle Outfitters, Inc. (Nasdaq: AEOS - news) today announced its consolidated financial results for the quarter ended October 31, 1998.
Net sales for the quarter ended October 31, 1998, increased 42.1% to $149.1 million from $104.9 million for the quarter ended November 1, 1997. Comparable store sales increased 29.4% when comparing the same thirteen week period. Net income for the quarter was $13.9 million, or $0.58 per share on a diluted basis, compared to net income of $6.3 million, or $0.27 per share on a diluted basis, last year. Diluted weighted average shares outstanding for the current year were 24.0 million compared to 23.1 million outstanding (restated for the January 5, 1998, and the May 8, 1998, three-for-two stock splits) for the prior year. |
