American Eagle Outfitters Inc announced that total sales for the four weeks ended December 1, 2007 were $285.8 million, an increase of 16% compared to $247.0 million for the four weeks ended November 25, 2006.
Due to the 53rd week in fiscal 2006, November 2007 comps are compared to the four week period ended December 2, 2006. On this basis, comparable store sales were flat, compared to a 10% increase for the same period last year.
November sales reflected uneven store traffic throughout the month. Yet traffic was strong over the Thanksgiving weekend and management was pleased with sales, which averaged a mid single-digit comp increase during the 3-day period.
Total sales for the year-to-date 43 week period ended December 1, 2007 increased 13% to $2.346 billion, compared to $2.068 billion for the 43 week period ended November 25, 2006. Comparable store sales increased 3% for the year-to-date period.
The company reiterated its fourth quarter earnings guidance of $0.67 to $0.70 per share, compared to $0.66 per share last year.
American Eagle Outfitters Inc
marketing@alchempro.com
