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 Help Copyright c 1998 PRNewswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. See our Important Disclaimers and Legal Information. Questions or Comments?