American Eagle fourth-quarter, yearly profit soars
01 Mar '06
3 min read
Teen clothing retailer American Eagle Outfitters Inc has announced its consolidated financial results for the fourth quarter and year ended January 28th 2006.
Fourth Quarter Ended January 28th 2006:
-- Total sales increased 13.4 percent to $764.4 million from $674.0 million for the quarter ended January 29th 2005.
-- Same-store sales increased 7.8 percent compared to a 28.6 percent increase in the corresponding period last year.
-- Gross profit for the quarter increased to $354.2 million, or 46.3 percent as a percent to sales, from $332.4 million, or 49.3 percent as a percent to sales last year. The decline in gross profit as a percent to sales was primarily due to a lower merchandise margin as well as the deleveraging of buying, occupancy and warehousing costs.
-- Operating income for the quarter increased to $174.2 million from $171.7 million last year. Operating income as a percent to sales was 22.8 percent compared to 25.5 percent last year.
-- Net income for the quarter increased to $107.5 million from net income of $100.9 million on a diluted basis last year.
Fiscal Year Ended January 28th 2006:
-- Total sales increased 22.8 percent to $2.309 billion from $1.881 billion for the twelve months ended January 29th 2005.
-- Same-store sales increased 15.5 percent compared to a 21.4 percent increase in the same twelve month period last year.
-- Gross profit for the period increased to $1.074 billion, or 46.5 percent as a percent to sales, from $877.8 million, or 46.7 percent as a percent to sales last year. The decline in gross profit as a percent to sales was primarily due to a lower merchandise margin, partially offset by the leveraging of buying, occupancy and warehousing costs.
marketing@alchempro.com
