American Eagle Outfitters, Inc. (Nasdaq:AEOS) today announced its consolidated financial results for the first quarter ended May 3, 2003:
� Total sales increased 5.0% to $291.9 million from $277.9 million for the quarter ended May 4, 2002.
� Sales for the first quarter 2003 included $15.8 million from the Bluenotes/Thriftys operation, compared to $17.5 million for the corresponding period last year.
� Comparable store sales for the American Eagle Outfitters stores declined 5.8% for the quarter ended May 3, 2003.
� Consolidated comparable store sales, which include American Eagle and Bluenotes/Thriftys stores, decreased 6.5% when compared to the corresponding period last year.
Net income for the quarter decreased to $6.4 million, or $0.09 per share on a diluted basis, from net income of $12.7 million, or $0.17 per share on a diluted basis last year.
