American Eagle Outfitters Inc announced that total sales for the four weeks ended June 2, 2007 were $199.2 million, an increase of 18% compared to $168.8 million for the four week period ended May 27, 2006.
Due to the 53rd week in fiscal 2006, May 2007 comps are compared to the four week period ended June 3, 2006. On this basis, comparable store sales increased 5%, compared to a 12% increase for the same period last year.
In May, the company saw a meaningful improvement in comparable store sales compared to April, and experienced a positive customer reaction to key categories within its summer assortments.
Total sales for the year-to-date 17 week period ended June 2, 2007 increased 17% to $811.6 million, compared to $691.2 million for the 17 week period ended May 27, 2006. Comparable store sales increased 6% for the year-to-date period compared to the same 17 week period last year.
The company is reiterating its second quarter earnings guidance of $0.34 to $0.36 per share, compared to earnings of $0.31 per share last year.
American Eagle Outfitters Inc
marketing@alchempro.com
