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To: Nathan who wrote (9776)5/28/1998 5:31:00 PM
From: Jenna  Respond to of 120523
 
AEOS Reports Record Earnings For the First Quarter 1998 On 52.4% Comparable Store Sales (15 cents estimates actual 24 cents)
Increase

Probably would have been best to just hang on for the last 3 days, but I'm satisfied with a 2 point profit and now I hold the June calls. I think it's best to be safe and exit profitable positions. It could have easily gone the other way.

WARRENDALE, Pa., May 28 /PRNewswire/ -- American Eagle Outfitters, Inc. (Nasdaq: AEOS -news) today announced its consolidated financial results for the quarter ended May 2, 1998.

Net sales for the quarter ended May 2, 1998 increased 63.6% to $99.7 million from $61.0 millionfor the quarter ended May 3, 1997. Comparable store sales increased 52.4% when comparing the
same thirteen week period. Net income for the quarter was $5.8 million, or $0.24 per share on adilutive basis, compared to a net loss of $3.6 million, or $0.16 loss per share on a dilutive basis, last
year. Dilutive weighted average shares outstanding for the current year were 23.7 million comparedto 22.0 million outstanding (restated for the May 8, 1998 three-for-two stock split) for the prior
year.

American Eagle Outfitters, Inc. is a specialty retailer of all-American, casual apparel, accessories,and footwear for men and women between the ages of 16 and 34. The Company designs, markets,
and sells its own brand of versatile, relaxed, and timeless classics like AE dungarees, khakis, andT-shirts, providing high quality merchandise at affordable prices. The Company currently operates
336 stores in 39 states.

American Eagle Outfitters, Inc.
Consolidated Statements of Operations
(Dollars and shares in millions, except per share data)
(Unaudited)

First Quarter Ended

May 2, May 3,
1998 1997

Net Sales $99.7 $61.0

Net Income (Loss) $5.8 $(3.6)

Diluted Income (Loss) Per Common Share (A) $0.24 $(0.16)

Diluted Weighted Average Common Shares
Outstanding (A) 23.7 22.0

(A) Reflects the May 8, 1998 three-for-two stock split.

SOURCE: American Eagle Outfitters, Inc.

More Quotes and News:
American Eagle Outfitters Inc (Nasdaq:AEOS - news)
Related News Categories: retail

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Questions or Comments?



To: Nathan who wrote (9776)5/28/1998 5:36:00 PM
From: Jenna  Read Replies (2) | Respond to of 120523
 
Nathan, (VTS) I agree, I think since I can't find any sign that the company reported maybe tomorrow will be VTS's day to shine. I'll be tracking it for a while yet.



To: Nathan who wrote (9776)5/28/1998 6:10:00 PM
From: Jeff Jordan  Read Replies (1) | Respond to of 120523
 
someone liked vts. Over 750 contracts traded in the June 45 and 50's with
an outstanding interest, between the two strikes, of 3. I have a feeling this might be
a good one to enter tomorrow,


I think they may be covering their losses w/o spending the capital for more shares? Looks like a little hedging.


* * * C A L L S * * *
For DBS clients authorized to trade options.
Click on description to go directly to option order entry.

DESCRIPTION LAST BID ASK CHG HIGH LOW VOL OI SYM
------------- ------- ------- ------- ------ ------- ------- ------ ----- -----
C JUN98 45.0 4 5/8 4 7/8 5 3/8 -6 1/8 5 5/8 4 5/8 415 0 VTSFI
C JUN98 50.0 2 1 15/16 2 3/16 -7 3/4 3 1/8 2 348 3 VTSFJ

* * * P U T S * * *
For DBS clients authorized to trade options.
Click on description to go directly to option order entry.

DESCRIPTION LAST BID ASK CHG HIGH LOW VOL OI SYM
------------- ------- ------- ------- ------ ------- ------- ------ ----- -----
P JUN98 45.0 1 3/16 3/4 1 +11/16 1 1/4 1/2 525 0 VTSRI