American Eagle Outfitters Incorporated: A Wright Investors' Service Research Report

Company FundamentalsCompany Fundamentals\Company Profile
A Wright Investors' Service Research Report:
American Eagle Outfitters Incorporated

COMPANY PROFILE
Figures in U.S. Dollars
Wright Quality Rating:BAA0
440 Wheelers Farms Road Milford, CT 06461 U.S.A.
Key Data Ticker: AEO 2011 Sales: 3,159,818,000

(Year Ending Jan 2012).
American Eagle Outfitters, Inc. is an apparel and accessories retailer that operates more than 1,000 retail stores in the United States and Canada, and online at ae.com. Through its family of brands, American Eagle Outfitters, Inc., offers clothing, accessories and personal care products. Its online business, AEO Direct, ships to 76 countries worldwide. The Company operates under the American Eagle, aerie by American Eagle, and 77kids by american eagle brands. As of January 29, 2011, the Company operated 929 American Eagle Outfitters stores, 148 aerie standalone stores and nine 77kids stores. As of January 29, 2011, it operated 1,086 stores in the United States and Canada under the American Eagle Outfitters, aerie and 77kids brands. During the fiscal year ended January 29, 2011 (fiscal 2010), it opened 34 new stores, consisting of 14 AE stores, 11 aerie stores and nine 77kids stores. On July 31, 2010, it completed the closure of MARTIN+OSA brand stores and its e-commerce operation. Stock Chart Officers Chairman Jay L. Schottenstein Vice Chairman Roger S. Markfield Chief Executive Officer Robert L. Hanson Executive Vice President & Chief Financial Officer Joan Holstein Hilson
Major Industry: Retailers Sub Industry: Apparel Store Chains Country: United States Currency: U.S. Dollars Fiscal Year Ends: January Employees 39,600 Exchanges: NYSE FRA Share Type: Common
Stock Price (4/5/2012): 17.19 Recent stock performance 1 Week 0.0% 4 Weeks 6.8% 13 Weeks 28.3% 52 Weeks 8.0% Earnings / Dividends (as of 1/28/2012) Earnings 0.26 0.77 Ratio Analysis Dividends 0.11 0.44
Market Capitalization: 3,344,140,159 Total Shares Outstanding: 194,539,858 Closely Held Shares: 11,835,313
Most Recent Qtr Last 12 Months
Price / Earnings Ratio 22.32 Dividend Yield Price / Sales Ratio Price / Book Ratio 1.06 Payout Ratio 2.35 % Held by Insiders Address 77 Hot Metal Street Pittsburgh, PENNSYLVANIA 15203-2329 UNITED STATES
2.56% 57.14% 6.08%
Phone +1 412 432-3300 Home Page http://www.ae.com
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Company Fundamentals\Comparative Business Analysis
A Wright Investors' Service Research Report:

Provided By CorporateInformation.com
440 Wheelers Farms Road Milford, CT 06461 U.S.A.
Wright Comparative Business Analysis Report

Report Date: 4/5/2012 Company Description American Eagle Outfitters, Inc. is an apparel and accessories retailer that operates more than 1,000 retail stores in the United States and Canada, and online at ae.com. Through its family of brands, American Eagle Outfitters, Inc., offers clothing, accessories and personal care products. Its online business, AEO Direct, ships to 76 countries worldwide. The Company operates under the American Eagle, aerie by American Eagle, and 77kids by american eagle brands. As of January 29, 2011, the Company operated 929 American Eagle Outfitters stores, 148 aerie stand-alone stores and nine 77kids stores. As of January 29, 2011, it operated 1,086 stores in the United States and Canada under the American Eagle Outfitters, aerie and 77kids brands. During the fiscal year ended January 29, 2011 (fiscal 2010), it opened 34 new stores, consisting of 14 AE stores, 11 aerie stores and nine 77kids stores. On July 31, 2010, it completed the closure of MARTIN+OSA brand stores and its e-commerce operation. Competitor Analysis American Eagle Outfitters Incorporated operates within the Family clothing stores sector. This analysis compares American Eagle Outfitters Incorporated with three other companies: Abercrombie & Fitch Co (2011 sales of $4.16 billion of which 100% was Casual Apparel), Urban Outfitters Inc (2011 sales: $2.47 billion ), and Children's Place Retail Stores Inc (The) (2011 sales of $1.72 billion ). Sales Analysis During the year ended January of 2012, sales at American Eagle Outfitters Incorporated were $3.16 billion. This is an increase of 6.5% versus 2011, when the company's sales were $2.97 billion.
Recent Sales at American Eagle Outfitters Incorporated 3.06 2.99 2.99 2.97 3.16 2.79
2007 2008 2009 2010 2011 2012 (Figures in Billions of U.S. Dollars)
The company derives almost all of its revenues in its home market of the United States: in 2012, this region's sales were $2.85 billion, which is equivalent to 90.2% of total sales. In 2012, sales in foreign countries were up 6.5% to $310.57 million. The company currently employs 39,600. With sales of $3.16 billion , this equates to sales of US$79,793 per employee. Sales Comparisons (Most Recent Fiscal Year) Company Abercrombie & Fitch Co Urban Outfitters Inc Year Ended Sales Sales Sales/ (blns) Growth Emp (US$) Largest Region 6.5% 19.9% 8.8% 79,793 the United States (90.2%) 46,201 the United States (74.8%) 154,613 N/A
American Eagle Outfitters Incorporated Jan 2012 3.160 Jan 2012 4.158 Jan 2012 2.474
Children's Place Retail Stores Inc (The) Jan 2012 1.716
2.5%
90,786 N/A
Recent Stock Performance In recent years, this stock has performed terribly. In 2007, the stock traded as high as $34.80, versus $17.19 on 4/5/2012. For the 52 weeks ending 4/5/2012, the stock of this company was up 8.0% to $17.19. During the past 13 weeks, the stock has increased 28.3%. During the past 52 weeks, the stock of American Eagle Outfitters Incorporated has outperformed the three comparable companies, which saw losses between 1.4% and 26.0%. During the 12 months ending 1/28/2012, earnings per share totalled $0.77 per share. Thus, the Price / Earnings ratio is 22.32. Earnings per share rose 10.0% in 2012 from 2011. This company is currently trading at 1.06 times sales. American Eagle Outfitters Incorporated is trading at 2.35 times book value. Summary of company valuations (as of 4/5/2012). Company American Eagle Outfitters Incorporated Abercrombie & Fitch Co Urban Outfitters Inc Children's Place Retail Stores Inc (The) P/E 22.3 34.9 25.3 17.2 Price/ Price/ Book Sales 2.35 2.30 4.07 2.10 1.06 1.76 0.74 52 Wk Pr Chg 8.00% -2.85% -1.37%
1.02 -26.00%
The market capitalization of this company is $3.34 billion . The capitalization of the floating stock (i.e., that which is not closely held) is $3.14 billion . Dividend Analysis During the 12 months ending 1/28/2012, American Eagle Outfitters Incorporated paid dividends totalling $0.44 per share. Since the stock is currently trading at $17.19, this implies a dividend yield of 2.6%. This company's dividend yield is higher than the three comparable companies (which are currently paying dividends between 0.0% and 1.4% of the stock price). During the quarter ended 1/28/2012, the company paid dividends of $0.11 per share. The company has paid a dividend for 6 straight years. During the same 12 month period ended 1/28/2012, the Company reported earnings of $0.77 per share. Thus, the company paid 57.1% of its profits as dividends. Profitability Analysis On the $3.16 billion in sales reported by the company in 2012, the cost of goods sold totalled $2.03 billion, or 64.2% of sales (i.e., the gross profit was 35.8% of sales). This gross profit margin is lower than the company achieved in 2011, when cost of goods sold totalled 60.4% of sales. The gross margin in 2012 was the lowest of the previous five years (in 2008, the gross margin had been as high as 46.6%). The company's earnings before interest, taxes, depreciation and amorization (EBITDA) were $395.02 million, or 12.5% of sales. This EBITDA margin is worse than the company achieved in 2011, when the EBITDA margin was equal to 15.6% of sales. In 2012, earnings before extraordinary items at American Eagle Outfitters Incorporated were $151.71 million, or 4.8% of sales. This profit margin is an improvement over the level the company achieved in 2011, when the profit margin was 4.7% of sales. The company's return on equity in 2012 was 11.2%. This was an improvement over the 8.9% return the company achieved in 2011. (Extraordinary items have been excluded). Profitability Comparison Gross Earns Profit EBITDA bef. Year Margin Margin extra 35.8% 39.6% 60.6% N/A 38.7% 12.5% 15.6% 12.0% 34.8% 10.9% 4.8% 4.7% 3.1% 7.5% 4.5%
Company
American Eagle Outfitters Incorporated 2012 American Eagle Outfitters Incorporated 2011 Abercrombie & Fitch Co Urban Outfitters Inc 2012 2012
Children's Place Retail Stores Inc (The) 2012 Inventory Analysis
As of January 2012, the value of the company's inventory totalled $378.43 million. Since the cost of goods sold was $2.03 billion for the year, the company had 68 days of inventory on hand (another way to look at this is to say that the company turned over its inventory 5.4 times per year). This is an increase in days in inventory from
January 2011, when the company had $301.21 million, which was only 61 days of sales in inventory. Financial Position As of January 2012, the accounts receivable for the company were $40.31 million, which is equivalent to 5 days of sales. This is slightly higher than at the end of 2011, when American Eagle Outfitters Incorporated had 5 days of sales in accounts receivable. Financial Positions Company Abercrombie & Fitch Co Urban Outfitters Inc Days Days Year AR Inv. 5 8 N/A 4 68 127 N/A 74 2012 2012
American Eagle Outfitters Incorporated 2012
Children's Place Retail Stores Inc (The) 2012
Industry Overview Apparel sales in the United States in 1999 were $184 billion, up 4% from 1998 in both volume and dollar amounts. Traditional brick and mortar chains continue to dominate, with over a 90% market share, although catalogs and online retailers are growing. Online apparel sales topped $1 billion during 1999. Addiitonal statistics are available at Retail Sales statistics and trends section of about.com. section of about.com. Copyright 2001-2012 The Winthrop Corporation Distributed by Wright Investors' Service, Inc. All Rights Reserved Important Legal Notice
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Company Fundamentals\Summary Analysis
SUMMARY ANALYSIS:
Per Share- U.S. Dollars
Price Market Price Last 5.47 15.70 15.32 31.21 20.77 9.36 16.98
E

Equity Capital % % Profit Book Earned Rate Value Growth (ROE) Begin Yr 10.5% 31.9% 26.9% 28.4% 22.7% 7.3% 6.1% 3.6% 4.8% n/a 10.5% 33.2% 31.5% 33.9% 28.6% 13.6% 12.0% 9.2% 11.2% n/a 2.64 2.99 4.00 5.02 6.36 6.34 6.74 7.57 6.90 7.30 Earnings 12 Month Earnings % Per Share Change
CF CF CF DF F CF CF CFG
Year
Value Ratios Price/ Price/ Earnings Book Dividend Ratio Ratio Yield 19.8 15.8 12.2 18.4 11.4 10.9 21.0 20.9 19.9 22.3 2.1 5.2 3.8 6.2 3.3 1.5 2.5 1.9 2.2 2.4 0.0% 0.3% 1.2% 0.9% 1.8% 4.3% 2.4% 2.9% 2.9% 2.6%
Dividends % 12 Month Payout Dividends Ratio Per Share 0.0% 4.0% 14.6% 16.2% 20.6% 46.5% 49.4% 61.4% 57.1% 57.1%
A
Calendar Year 2003 2004 2005 2006 2007 2008 2009 2010 2011 4/5/2012
E E E BE E E
0.28 -32.0% 0.99 259.0% 1.26 1.70 1.82 26.8% 34.9% 7.1%
0.00 0.04 0.18 0.28 0.38 0.40 0.40 0.43 0.44 0.44
0.86 -52.7% 0.81 -5.8%
14.63 15.29 17.19
0.70 -13.6% 0.77 0.77 10.0% n/c
(A): ALL ITEMS ADJUSTED FOR STOCK SPLITS OR DIVIDENDS - 2:1 ON 03/08/2005 (B): LENGTH OF FISCAL PERIOD IS 53 WEEKS (C): INCLUDES OR EXCLUDES EXTRAORDINARY CHARGE OR CREDIT - INCLS $.02 PRETAX CR & $.03 PRETAX CHG JUN 2010, INCLS $.01 PRETAX CR & $.10 PRETAX CHG IN 2009 (NOM PRETAX CR & $.09 PRETAX CHG JAN & $.01 PRETAX CR & $.01 PRETAX CHG AUG), NCLS $.11 CHG IN 2008 ($.01 PRETAX CHG DEC & $.01 PRETAX CHG SEP), INCLS $.02 PRETAX CHG & EXCLS NOM CR & NOM CHG IN 2005 (INCLS $.02 PRETAX CHG & EXCLS NOM CR DISP JAN, EXCLS NOM CHG DISP OCT, EXCLS NOM CHG DISP JUL & EXCLS NOM CR DISP APR), EXCLS $.07 CHG & INCLS $.02 PRETAX CHG IN 2004 (EXCLS $.04 CHG & INCLS $.02 PRETAX CHG JAN, EXCLS $.01 CHG OCT, EXCLS $.02 CHG JUL & EXCLS NOM CHG APR), INCLS $.12 PRETAX CHG IN 2003 ($.06 PRETAX CHG JAN & $.06 PRETAX CHG OCT) (D): INCLUDES THE EFFECTS OF A CHANGE IN ACCOUNTING POLICIES OR TAX LAWS - - ADOPTED SFAS 123(R) FOR SHARE-BASED PAYMENT & SAB 108 FOR CONSIDERING THE EFFECTS OF PRIOR YEAR MISSTATEMENTS WHEN QUANTIFYING MISSTATEMENTS IN CURRENT YEAR FINANCIAL STATEMENTS IN 2006, EARNINGS IMPACT NOT SPECIFIED & EARNINGS IMPACT IMMATERIAL RESPECTIVELY, - ADOPTED SFAS 148 FOR STOCK-BASED COMPENSATION - TRANSITION AND DISCLOSURE AS AN AMENDMENT TO SFAS 123, SFAS 142 FOR GOODWILL AND OTHER INTANGIBLE ASSETS & SFAS 144 THE IMPAIRMENT OR DISPOSAL OF LONG-LIVED ASSETS & IN 2002, EARNINGS IMPACT NOT SPECIFIED IN THE FIRST CASE & NO EARNINGS IMPACT IN THE NEXT TWO CASES, ADOPTED SFAS 133 ACCOUNTING FOR DERIVATIVE INSTRUMENTS & HEDGING ACTIVITIES IN 2001, EARNINGS IMPACT IMMATERIAL (E): YEAR ENDS JANUARY OF THE FOLLOWING YEAR, YEAR ENDS JANUARY OF THE FOLLOWING YEAR, YEAR ENDS JANUARY OF THE FOLLOWING YEAR, YEAR ENDS JANUARY OF THE FOLLOWING YEAR (F): BASED ON FULLY DILUTED SHARES, (Q ): BASED ON FULLY DILUTED SHARES OUTSTANDING (G): INCLUDES GAIN/(LOSS) FROM DISCONTINUED OPERATIONS EQUAL TO $(.20) IN 2010
Company Fundamentals\Sales Analysis
SALES ANALYSIS:
Figures in thousands of U.S. Dollars

Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) Amount in thousands n/a n/a n/a n/a
Sales Amount in thousands
Cost of Goods Sold
After Tax Income before Extraordinary Charges and Credits Amount in thousands 88,735 60,000
Employees After Tax Sales Income Per Per Number Employee Employee 15,500 17,400 20,600 23,000 27,600 38,700 37,500 39,400 39,900 39,600 94,396 87,354 91,322 100,407 101,247 78,951 79,703 75,902 74,375 79,793 5,725 3,448 10,885 12,770 14,035 10,336 4,775 4,290 3,523 3,831
Year
YearAmount to-year in Growth thousands 6.7% 3.9% 23.8% 22.8% 21.0% 9.3% -2.2% 0.1% -0.8% 6.5%
% of Sales
% of Sales n/a n/a n/a n/a
% of Sales 6.1% 3.9%
2002 1,463,141 2003 1,519,968 2004 1,881,241 2005 2,309,371 2006 2,794,409 2007 3,055,419 2008 2,988,866 2009 2,990,520 2010 2,967,559 2011 3,159,818
920,643 62.9% 965,716 63.5% 1,003,433 53.3% 1,234,320 53.4% 1,453,980 52.0% 1,632,281 53.4% 1,814,765 60.7% 1,830,396 61.2% 1,791,553 60.4% 2,028,968 64.2%
224,232 11.9% 293,711 12.7% 387,359 13.9% 400,019 13.1% 179,061 169,022 140,573 151,705 6.0% 5.7% 4.7% 4.8%
717,100 25.7% 745,584 24.4% n/a n/a n/a n/a
440,632 14.8% 376,772 11.9%
Company Fundamentals\Price Analysis
PRICE ANALYSIS:
Per Share- U.S. Dollars

High Price 5.907 6.673 7.790 6.377 9.323 10.057 12.740 Low Price 4.400 4.693 4.813 4.900 5.277 8.437 9.167 Closing Quarterly 12 months Price %Change %Change 4.840 6.157 4.970 5.467 8.983 9.637 12.283 15.700 19.700 20.427 15.687 15.320 19.907 22.693 29.220 31.210 29.990 25.660 26.310 20.770 17.510 13.630 15.250 9.360 12.240 14.170 16.860 n/a 27.2% -19.3% 10.0% 64.3% 7.3% 27.5% 27.8% 25.5% 3.7% -23.2% -2.3% 29.9% 14.0% 28.8% 6.8% -3.9% -14.4% 2.5% -21.1% -15.7% -22.2% 11.9% -38.6% 30.8% 15.8% 19.0% n/a n/a n/a n/a 85.6% 56.5% 147.1% 187.2% 119.3% 112.0% 27.7% -2.4% 1.0% 11.1% 86.3% 103.7% 50.7% 13.1% -10.0% -33.5% -41.6% -46.9% -42.0% -54.9% -30.1% 4.0% 10.6%
Quarter 2003 Jan - Mar Apr - Jun Jul - Sep Oct - Dec 2004 Jan - Mar Apr - Jun Jul - Sep Oct - Dec 2005 Jan - Mar Apr - Jun Jul - Sep Oct - Dec 2006 Jan - Mar Apr - Jun Jul - Sep Oct - Dec 2007 Jan - Mar Apr - Jun Jul - Sep Oct - Dec 2008 Jan - Mar Apr - Jun Jul - Sep Oct - Dec 2009 Jan - Mar Apr - Jun Jul - Sep
15.920 12.180 19.833 15.547 21.787 16.900 22.693 13.547 17.960 12.967 20.327 14.833 23.333 19.013 30.527 20.613 33.007 28.347 34.800 28.180 31.330 25.270 28.280 21.460 26.450 20.170 23.840 16.470 19.420 13.310 18.000 11.870 15.650 12.950 6.980 8.310
16.500 11.700 17.410 12.560
Oct - Dec 2010 Jan - Mar Apr - Jun Jul - Sep Oct - Dec 2011 Jan - Mar Apr - Jun Jul - Sep Oct - Dec 2012 Jan - Mar
19.860 14.370 19.640 15.501 19.180 11.350 15.610 11.470 17.460 14.230 16.370 13.720 16.360 12.365 14.320 10.000 15.420 11.190 17.920 12.500
16.980 18.520 11.750 14.960 14.630 15.890 12.750 11.720 15.290 17.190 17.190
0.7% 9.1% -36.6% 27.3% -2.2% 8.6% -19.8% -8.1% 30.5% 12.4% 28.3%
81.4% 51.3% -17.1% -11.3% -13.8% -14.2% 8.5% -21.7% 4.5% 8.2% 8.0%
4/5/2012
Company Fundamentals\Earnings & Dividends Analysis
EARNINGS AND DIVIDENDS ANALYSIS:
Incorporated
American Eagle Outfitters
Per Share- U.S. Dollars Fiscal Year Ends in January

Earnings Per Share 12 Months Calendar % Years Earnings Change 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 (A): (B): (C):
E E E E E BE E E
Dividends Per Share 12 Months % Dividends Change 0.00 0.00 0.00 0.04 0.28 0.38 0.40 0.40 0.43 0.44 n/a n/c n/c n/c n/c 50.0% 36.4% 6.7% 0.0% 7.5% 2.3% n/c Quarterly Reported Dividends Q1 Apr. 0.00 0.00 0.00 0.00 0.03 0.05 0.08 0.10 0.10 0.10 0.11 0.11 Q2 Jul. 0.00 0.00 0.00 0.00 0.05 0.08 0.10 0.10 0.10 0.11 0.11 n/a Q3 Oct. 0.00 0.00 0.00 0.02 0.05 0.08 0.10 0.10 0.10 0.11 0.11 n/a Q4 Jan. 0.00 0.00 0.00 0.02 % Payout 0.0% 0.0% 0.0% 4.1%
Quarterly Reported Earnings Q1 Apr. 0.07 0.06 0.03 0.12 0.23 0.29 0.34 0.20 0.10 0.04 0.14 n/a Q2 Jul. 0.07 0.05 0.04 0.15 0.25 0.31 0.37 0.29 0.14 0.05 0.10 n/a Q3 Oct. 0.14 0.12 0.05 0.26 0.31 0.44 0.45 0.21 0.29 0.17 0.27 n/a Q4 Jan. 0.20 0.18 0.16 0.47 0.47 0.66 0.66 0.16 0.28 0.44 0.26 n/a
0.48
10.0%
DF 0.41 -14.7% CF 0.28 -32.0% CF 0.99 259.0% CF 1.26 DF 1.70 F 1.82 CF 0.81 0.77 n/a 26.8% 34.9% 7.1% -5.8% 10.0% n/c
A 0.18 358.3%
0.05 14.3% 0.08 15.9% 0.10 20.2% 0.10 46.0% 0.10 49.1% 0.11 n/a n/c n/c 0.11 56.4%
CF 0.86 -52.7% CFG 0.70 -13.6%
ALL ITEMS ADJUSTED FOR STOCK SPLITS OR DIVIDENDS - 2:1 ON 03/08/2005 LENGTH OF FISCAL PERIOD IS 53 WEEKS
INCLUDES OR EXCLUDES EXTRAORDINARY CHARGE OR CREDIT - INCLS $.02 PRETAX CR & $.03 PRETAX CHG JUN 2010, INCLS $.01 PRETAX CR & $.10 PRETAX CHG IN 2009 (NOM PRETAX CR & $.09 PRETAX CHG JAN & $.01 PRETAX CR & $.01 PRETAX CHG AUG), NCLS $.11 CHG IN 2008 ($.01 PRETAX CHG DEC & $.01 PRETAX CHG SEP), INCLS $.02 PRETAX CHG & EXCLS NOM CR & NOM CHG IN 2005 (INCLS $.02 PRETAX CHG & EXCLS NOM CR DISP JAN, EXCLS NOM CHG DISP OCT, EXCLS NOM CHG DISP JUL & EXCLS NOM CR DISP APR), EXCLS $.07 CHG & INCLS $.02 PRETAX CHG IN 2004 (EXCLS $.04 CHG & INCLS $.02 PRETAX CHG JAN, EXCLS $.01 CHG OCT, EXCLS $.02 CHG JUL & EXCLS NOM CHG APR), INCLS $.12 PRETAX CHG IN 2003 ($.06 PRETAX CHG JAN & $.06 PRETAX CHG OCT)
(D):
INCLUDES THE EFFECTS OF A CHANGE IN ACCOUNTING POLICIES OR TAX LAWS - - ADOPTED SFAS 123(R) FOR SHARE-BASED PAYMENT & SAB 108 FOR CONSIDERING THE EFFECTS OF PRIOR YEAR MISSTATEMENTS WHEN QUANTIFYING MISSTATEMENTS IN CURRENT YEAR FINANCIAL STATEMENTS IN 2006, EARNINGS IMPACT NOT SPECIFIED & EARNINGS IMPACT IMMATERIAL RESPECTIVELY, - ADOPTED SFAS 148 FOR STOCKBASED COMPENSATION - TRANSITION AND DISCLOSURE AS AN AMENDMENT TO SFAS 123, SFAS 142 FOR GOODWILL AND OTHER INTANGIBLE ASSETS & SFAS 144 THE IMPAIRMENT OR DISPOSAL OF LONG-LIVED ASSETS & IN 2002, EARNINGS IMPACT NOT SPECIFIED IN THE FIRST CASE & NO EARNINGS IMPACT IN THE NEXT TWO CASES
(E):
YEAR ENDS JANUARY OF THE FOLLOWING YEAR, YEAR ENDS JANUARY OF THE FOLLOWING YEAR, YEAR ENDS JANUARY OF THE FOLLOWING YEAR, YEAR ENDS JANUARY OF THE FOLLOWING YEAR
(F):
BASED ON FULLY DILUTED SHARES, (Q ): BASED ON FULLY DILUTED SHARES OUTSTANDING
(G):
INCLUDES GAIN/(LOSS) FROM DISCONTINUED OPERATIONS EQUAL TO $(.20) IN 2010
Financial Statement AnalysesFinancial Statement Analyses\Balance Sheet - Common Size
Balance Sheet - (Common Size): American

Figures are expressed as Percent of Total Assets. Total Assets are in millions of U.S. Dollars.
Eagle Outfitters Incorporated

2010 2009 2008 2007
Fiscal Year Fiscal Year End Date Assets Total Assets Cash & Short Term Investments Cash Short Term Investments Receivables (Net) Inventories -Total Raw Materials Work in Process Finished Goods Progress Payments & Other Prepaid Expenses Other Current Assets Current Assets - Total Long Term Receivables Investment in Associated Companies Other Investments Property Plant and Equipment Gross Accumulated Depreciation Property Plant and Equipment Net Other Assets Deferred Charges Tangible Other Assets Intangible Other Assets
2011
1/28/2012 1/29/2011 1/30/2010 1/31/2009 2/2/2008
1,937.3 38.5% 37.1% 1.3% 2.1% 19.5% 0.0% 0.0% 19.5% 0.0%
1,860.4 39.5% 35.9% 3.6% 2.0% 16.2% 0.0% 0.0% 16.2% 0.0%
2,110.8 33.1% 6.8% 26.3% 1.6% 15.5% 0.0% 0.0% 15.5% 0.0%
1,948.7 24.8% 3.1% 21.7% 2.1% 15.1% 0.0% 0.0% 15.1% 0.0%
1,843.4 33.6% 2.5% 31.2% 1.5% 15.5% 0.0% 0.0% 15.5% 0.0%
6.4% 66.5%
5.5% 63.1%
5.1% 55.3%
5.5% 47.5%
4.7% 55.4%
0.0% 75.3% 45.2% 30.0% 3.4%
0.3% 77.0% 42.4% 34.6% 2.0%
9.4% 66.1% 32.3% 33.8% 1.6%
12.9% 66.6% 28.7% 38.0% 1.6%
9.0% 59.2% 25.3% 33.9% 1.7%
0.8% 2.6%
1.4% 0.6%
1.0% 0.5%
1.1% 0.5%
1.1% 0.6%
Total Assets Liabilities & Shareholders' Equity Total Liabilities & Shareholders' Equity Accounts Payable Short Term Debt & Current Portion of Long Term Debt Accrued Payroll Income Taxes Payable Dividends Payable Other Current Liabilities Current Liabilities - Total Long Term Debt Long Term Debt Excluding Capitalized Leases Capitalized Lease Obligations Provision for Risks and Charges Deferred Income Deferred Taxes Deferred Taxes - Credit Deferred Taxes - Debit Deferred Tax Liability in Untaxed Reserves Other Liabilities Total Liabilities Non-Equity Reserves Minority Interest Preferred Stock Preferred Stock Issued for ESOP ESOP Guarantees - Preferred Issued
100.0%
100.0%
100.0%
100.0%
100.0%
1,937.3 9.5% 0.0% 2.2% 1.0%
1,860.4 9.0% 0.0% 1.9% 1.7%
2,110.8 7.5% 1.4% 2.6% 1.0%
1,948.7 7.8% 3.8% 1.5% 0.3%
1,843.4 8.6% 0.0% 2.7% 1.2%
8.2% 20.9% 0.0% 0.0% 0.0% 1.8% 3.7% -0.7% 3.1% 3.8%
8.2% 20.8% 0.0% 0.0% 0.0%
6.9% 19.4% 0.0% 0.0% 0.0%
7.1% 20.6% 0.0% 0.0% 0.0%
7.9% 20.4% 0.0% 0.0% 0.0%
4.2% -1.1% 2.7% 3.8%
4.2% -1.3%
4.5% -0.8%
3.8% -1.3%
1.3%
0.8%
1.3%
1.1% 26.9% 0.0% 0.0% 0.0%
3.4% 27.4% 0.0% 0.0% 0.0%
2.9% 25.2% 0.0% 0.0% 0.0%
3.3% 27.7% 0.0% 0.0% 0.0%
4.4% 27.3% 0.0% 0.0% 0.0%
Common Equity Total Liabilities & Shareholders' Equity
73.1% 100.0%
72.6% 100.0%
74.8% 100.0%
72.3% 100.0%
72.7% 100.0%
Financial Statement Analyses\Balance Sheet - Year-Year % Change
Balance Sheet - (Year to Year Percent Change): American
Eagle Outfitters
Incorporated
Figures are the Percent Changes from the Prior Year.
Fiscal Year Fiscal Year End Date Assets Total Assets Cash & Short Term Investments Cash Short Term Investments Receivables (Net) Inventories -Total Raw Materials Work in Process Finished Goods Progress Payments & Other Prepaid Expenses Other Current Assets Current Assets - Total Long Term Receivables Investment in Associated Companies Other Investments Property Plant and Equipment Gross Accumulated Depreciation Property Plant and Equipment Net Other Assets Deferred Charges Tangible Other Assets
2011
2010
2009
2008
2007
1/28/2012 1/29/2011 1/30/2010 1/31/2009 2/2/2008
4.1% 1.4% 7.8% -62.0% 9.8% 25.6%
-11.9% 5.2% 362.4% -87.9% 6.3% -7.7%
8.3% 44.4% 135.3% 31.2% -13.9% 10.7%
5.7% -22.0% 35.1% -26.5% 47.9% 2.9%
-7.2% -25.0% -24.0% -25.1% 44.3% 8.7%
25.6%
-7.7%
10.7%
2.9%
8.7%
21.5% 9.6%
-5.2% 0.6%
0.9% 26.1%
22.0% -9.4%
-1.6% -14.8%
-85.7% 1.8% 11.0% -9.5% 81.0%
-97.0% 2.7% 15.8% -9.8% 12.3%
-21.2% 7.4% 22.1% -3.7% 2.6%
51.4% 19.0% 19.9% 18.3% 2.7%
-34.1% 27.2% 23.9% 29.9% -44.2%
-39.0%
17.4%
1.5%
8.2%
-57.1%
Intangible Other Assets Total Assets Liabilities & Shareholders' Equity Total Liabilities & Shareholders' Equity Accounts Payable Short Term Debt & Current Portion of Long Term Debt Accrued Payroll Income Taxes Payable Dividends Payable Other Current Liabilities Current Liabilities - Total Long Term Debt Long Term Debt Excluding Capitalized Leases Capitalized Lease Obligations Provision for Risks and Charges Deferred Income Deferred Taxes Deferred Taxes - Credit Deferred Taxes - Debit Deferred Tax Liability in Untaxed Reserves Other Liabilities Total Liabilities Non-Equity Reserves Minority Interest Preferred Stock Preferred Stock Issued for ESOP
347.2% 4.1%
2.3% -11.9%
4.7% 8.3%
-6.7% 5.7%
15.4% -7.2%
4.1% 9.6%
-11.9% 5.8% -100.0%
8.3% 4.2% -60.0% 87.5% 228.9%
5.7% -3.7%
-7.2% -7.7%
21.9% -38.0%
-36.6% 57.7%
-40.6% -72.6%
-15.2% -74.0%
4.0% 4.5%
5.5% -5.2%
4.1% 1.8%
-4.8% 6.8%
1.9% -18.3%
-8.6%
-12.3%
1.4%
25.5%
8.0%
16.7% 3.4% 159.1% 82.0% -38.1%
-66.1% 2.2%
2.3% -4.3%
-5.4% -1.4%
-20.0% 7.3%
80.9% -11.8%
ESOP Guarantees - Preferred Issued Common Equity Total Liabilities & Shareholders' Equity 4.9% 4.1% -14.4% -11.9% 12.0% 8.3% 5.1% 5.7% -5.4% -7.2%
Financial Statement Analyses\Balance Sheet - Five-Year Averages
Balance Sheet - (5 Year Averages): American

Figures in millions of U.S. Dollars.

2010 2009 2008 2007
Fiscal Year Fiscal Year End Date Assets Total Assets Cash & Short Term Investments Cash Short Term Investments Receivables (Net) Inventories -Total Raw Materials Work in Process Finished Goods Progress Payments & Other Prepaid Expenses Other Current Assets Current Assets - Total Long Term Receivables Investment in Associated Companies Other Investments Property Plant and Equipment Gross Accumulated Depreciation Property Plant and Equipment Net Other Assets Deferred Charges Tangible Other Assets Intangible Other Assets
2011
1/28/2012 1/29/2011 1/30/2010 1/31/2009 2/2/2008
1,940.1 656.4 327.7 328.8 35.8 317.5 0.0 0.0 317.5 0.0
1,950.2 672.8 195.7 477.1 31.5 294.5 0.0 0.0 294.5 0.0
1,899.2 676.2 88.3 587.9 29.9 276.5 0.0 0.0 276.5 0.0
1,733.2 654.4 114.4 540.0 28.3 238.8 0.0 0.0 238.8 0.0
1,512.3 625.2 152.4 472.8 24.9 203.9 0.0 0.0 203.9 0.0
105.3 1,115.0
98.3 1,097.2
89.8 1,078.4
83.0 1,010.6
70.6 930.6
124.3 1,335.2 674.4 660.8 40.0
174.4 1,215.0 574.3 640.7 37.8
202.4 1,061.9 480.7 581.2 37.2
179.7 906.9 397.6 509.2 33.7
134.4 739.9 322.9 416.9 30.4
20.8 19.2
26.9 11.0
26.5 10.7
23.2 10.4
20.0 10.3
Total Assets Liabilities & Shareholders' Equity Total Liabilities & Shareholders' Equity Accounts Payable Short Term Debt & Current Portion of Long Term Debt Accrued Payroll Income Taxes Payable Dividends Payable Other Current Liabilities Current Liabilities - Total Long Term Debt Long Term Debt Excluding Capitalized Leases Capitalized Lease Obligations Provision for Risks and Charges Deferred Income Deferred Taxes Deferred Taxes - Credit Deferred Taxes - Debit Deferred Tax Liability in Untaxed Reserves Other Liabilities Total Liabilities Non-Equity Reserves Minority Interest Preferred Stock Preferred Stock Issued for ESOP ESOP Guarantees - Preferred Issued
1,940.1
1,950.2
1,899.2
1,733.2
1,512.3
1,940.1 164.0 21.0 42.3 20.5
1,950.2 161.5 21.0 45.5 34.0
1,899.2 155.8 21.0 50.1 36.1
1,733.2 139.3 15.0 46.3 38.8
1,512.3 123.2 1.0 43.3 43.3
148.2 396.0 0.0 0.0 0.0
145.1 407.0 0.0 0.0 0.0
138.8 401.8 0.0 0.0 0.0
131.2 370.7 0.0 0.0 0.0
117.4 328.1 2.8 2.8 0.0
79.7 -19.9
78.4 -17.2
74.7 -13.3
68.3 -10.4
50.7 -11.6
42.1
58.0 520.9 0.0 0.0 0.0
62.7 530.9 0.0 0.0 0.0
55.9 519.0 0.0 0.0 0.0
47.5 476.0 0.0 0.0 0.0
38.3 408.2 0.0 0.0 0.0
Common Equity Total Liabilities & Shareholders' Equity
1,419.2 1,940.1
1,419.3 1,950.2
1,380.2 1,899.2
1,257.2 1,733.2
1,104.1 1,512.3
Financial Statement Analyses\Income Statement - Common Size
Income Statement - (Common Size): American

2010 2009 2008 2007
Figures are expressed as Percent of Net Sales or Revenues. Net Sales or Revenues are in millions of U.S. Dollars.
Fiscal Year Net Sales or Revenues Cost of Goods Sold Depreciation, Depletion & Amortization Gross Income Selling, General & Administrative Expenses Other Operating Expenses Operating Expenses - Total Operating Income Extraordinary Credit - Pretax Extraordinary Charge - Pretax Non-Operating Interest Income Reserves - Increase/Decrease Pretax Equity in Earnings Other Income/Expense - Net Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) Earnings before Interest & Taxes(EBIT) Interest Expense on Debt Interest Capitalized Pretax Income Income Taxes Minority Interest Equity in Earnings After Tax Other Income/Expense Discontinued Operations Net Income before Extraordinary Items/Preferred Dividends
2011
3,159.8 2,967.6 2,990.5 2,988.9 3,055.4 64.2% 4.4% 31.4% 23.3% 0.0% 91.9% 8.1% 0.0% 0.8% 0.0% 0.0% 0.0% 0.2% 11.9% 7.5% 0.0% 0.0% 7.5% 2.7% 0.0% 0.0% 0.0% 0.0% 4.8% 60.4% 4.9% 34.7% 24.0% 0.0% 89.3% 10.7% 0.1% 0.2% 0.0% 0.0% 0.0% -0.7% 14.8% 9.9% 0.0% 0.0% 9.9% 3.8% 0.0% 0.0% -0.0% -1.4% 4.7% 7.8% 2.1% 0.0% 0.0% 0.0% 0.0% 5.7% 9.9% 3.9% 0.0% 0.0% 0.0% 0.0% 6.0% 61.2% 4.9% 33.9% 25.3% 0.0% 91.4% 8.6% 0.1% 0.7% 0.0% 0.0% 0.0% -0.2% 60.7% 4.4% 34.9% 24.8% 0.0% 89.9% 10.1% 0.0% 0.8% 0.0% 0.0% 0.0% 0.6% 53.4% 3.6% 43.0% 23.4% 0.0% 80.4% 19.6% 0.0% 0.0% 0.0% 0.0% 0.0% 1.2% 24.4% 20.8% 0.0% 0.0% 20.8% 7.7% 0.0% 0.0% 0.0% 0.0% 13.1%
Extraordinary Items & Gain/Loss Sale of Assets Preferred Dividend Requirements Net Income after Preferred Dividends - available to Common
0.0% 0.0% 4.8%
0.0% 0.0% 4.7%
0.0% 0.0% 5.7%
0.0% 0.0% 6.0%
0.0% 0.0% 13.1%
Financial Statement Analyses\Income Statement - Year-Year % Change
Income Statement - (Year to Year Percent Change): American
Eagle Outfitters
Incorporated
Figures are the Percent Changes from the Prior Year.
Fiscal Year Net Sales or Revenues Cost of Goods Sold Depreciation, Depletion & Amortization Gross Income Selling, General & Administrative Expenses Other Operating Expenses Operating Expenses - Total Operating Income Extraordinary Credit - Pretax Extraordinary Charge - Pretax Non-Operating Interest Income Reserves - Increase/Decrease Pretax Equity in Earnings Other Income/Expense - Net Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) Earnings before Interest & Taxes(EBIT) Interest Expense on Debt Interest Capitalized Pretax Income Income Taxes
2011 6.5% 13.3% -4.0% -3.8% 3.2%
2010 -0.8% -2.1% -1.3% 1.8% -5.7%
2009 0.1%
2008 -2.2%
2007 9.3%
0.9% 11.2% 12.3% 12.4% 20.2% 24.0% -2.9% 2.1% 20.6% 3.6% 4.9% 7.4%
9.6%
-3.1%
1.8% -15.1%
9.4% 11.3% 49.5% 2.0%
-19.5% 23.7% 10.6% 100.0% 374.0% 77.3%
-2.1%
128.5% 52.7% 11.0% -14.5% -19.7% 4.0% 1.2%
-19.7% 27.0% -24.6% 78.6%
-21.8% -46.3%
53.3% 50.1%
1.2% -2.2%
Minority Interest Equity in Earnings After Tax Other Income/Expense Discontinued Operations Net Income before Extraordinary Items/Preferred Dividends Extraordinary Items & Gain/Loss Sale of Assets Preferred Dividend Requirements Net Income after Preferred Dividends - available to Common 7.9% 16.8% -5.6% 55.2% 3.3% 7.9% 16.8% -5.6% 55.2% 3.3%
Financial Statement Analyses\Income Statement - Five-Year Averages
Income Statement - (5 Year Averages): American
Eagle Outfitters
Incorporated
Figures in millions of U.S. Dollars.
Fiscal Year Net Sales or Revenues Cost of Goods Sold Depreciation, Depletion & Amortization Gross Income Selling, General & Administrative Expenses Other Operating Expenses Operating Expenses - Total Operating Income Extraordinary Credit - Pretax Extraordinary Charge - Pretax Non-Operating Interest Income Reserves - Increase/Decrease Pretax Equity in Earnings Other Income/Expense - Net Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) Earnings before Interest & Taxes(EBIT) Interest Expense on Debt Interest Capitalized Pretax Income Income Taxes Minority Interest Equity in Earnings After Tax Other Income/Expense Discontinued Operations
2011
2010
2009
2008
2007
3,032.4 2,959.4 2,827.7 2,605.9 2,312.1 1,819.6 1,704.6 1,593.1 1,427.8 1,257.9 134.6 124.3 110.1 94.3 79.3 974.9 547.9 0.0
1,078.2 1,130.5 1,124.5 1,083.8 732.2 0.0 718.2 0.0 682.9 0.0 620.8 0.0
2,686.5 2,547.1 2,386.2 2,142.8 1,885.1 346.0 1.5 14.9 0.0 0.0 0.0 7.1 412.3 1.5 10.1 0.0 0.0 0.0 14.3 0.0 0.0 21.7 0.0 0.0 23.5 0.0 0.0 20.4 441.5 0.7 9.6 463.1 0.0 5.4 427.0 0.0 4.2
0.0 339.6 123.2 0.0 0.0 -0.0 -8.3 418.0 154.5 0.0 0.0 -0.0 -8.3 454.4 168.5 0.0 0.0 0.0 481.3 184.4 0.0 0.0 0.0 443.2 170.1 0.0 0.0 0.0
Net Income before Extraordinary Items/Preferred Dividends Extraordinary Items & Gain/Loss Sale of Assets Preferred Dividend Requirements Net Income after Preferred Dividends - available to Common
208.1 0.0 0.0 208.1
255.2 0.0 0.0 255.2
285.8 0.1 0.0 285.8
296.9 -2.1 0.0 296.9
273.1 -2.1 0.0 273.1
Financial Statement Analyses\Sources of Capital - Net Change
Sources of Capital: American

2011 2010 2009 2008 2007
Currency figures are in millions of U.S. Dollars. Year to year % changes pertain to reported Balance Sheet values.
Fiscal Year Fiscal Year End Date Total Capital Percent of Total Capital Short Term Debt Long Term Debt Other Liabilities Total Liabilities Minority Interest Preferred Stock Retained Earnings Common Equity Total Capital Year to Year Net Changes Short Term Debt Long Term Debt Other Liabilities Total Liabilities Minority Interest Preferred Stock Retained Earnings Common Equity Total Capital Year to Year Percent Changes Short Term Debt Long Term Debt Other Liabilities
1/28/2012 1/29/2011 1/30/2010 1/31/2009 2/2/2008 1,416.9 1,351.1 1,578.5 1,409.0 1,340.5
0.0% 0.0% 1.5% 36.7% 0.0% 0.0% 125.0% 100.0% 100.0%
0.0% 0.0% 4.6% 37.7% 0.0% 0.0% 126.7% 100.0% 100.0%
1.9% 0.0% 3.9% 33.7% 0.0% 0.0% 111.8% 100.0% 100.0%
5.3% 0.0% 4.6% 38.3% 0.0% 0.0% 120.2% 100.0% 100.0%
0.0% 0.0% 6.0% 37.5% 0.0% 0.0% 119.5% 100.0% 100.0%
0.0 0.0 -4.1 1.1 0.0 0.0 6.0 6.6 6.6
-3.0 0.0 0.1 -2.3 0.0 0.0 -5.2 -22.7 -22.7
-4.5 0.0 -0.3 -0.7 0.0 0.0 7.0 16.9 16.9
7.5 0.0 -1.6 3.7 0.0 0.0 9.2 6.9 6.9
0.0 0.0 3.6 -6.7 0.0 0.0 29.9 -7.7 -7.7
-100.0%
-60.0%
-66.1%
2.3%
-5.4%
-20.0%
80.9%
Total Liabilities Minority Interest Preferred Stock Retained Earnings Common Equity Total Capital Total Liabilities & Common Equity Total Liabilities Net Change in Liabilities as % of Total Liabilities Common Equity Net Change in Common Equity as % of Common Equity Cash Flow Operating Activities Financing Activities Investing Activities
2.2%
-4.3%
-1.4%
7.3%
-11.8%
3.5% 4.9% 4.9%
-3.0% -14.4% -14.4%
4.1% 12.0% 12.0%
5.8% 5.1% 5.1%
23.0% -5.4% -5.4%
520.5 2.1% 1,416.9 4.6%
509.3 -4.5% 1,351.1 -16.8%
532.3 -1.4% 1,578.5 10.7%
539.6 6.8% 1,409.0 4.9%
503.0 -13.4% 1,340.5 -5.7%
239.3 -100.7 87.4
381.2 -436.5 -27.6
386.5 -119.8 49.1
302.2 -8.5 -78.4
464.3 -514.0 -102.7
Financial Ratio AnalysesFinancial Ratio Analyses\Accounting Ratios
Accounting Ratios: American Fiscal Year Fiscal Year End Date Receivables Turnover Receivables - Number of Days Inventory Turnover Inventory - Number of Days

2011 2010 2009 2008 2007 1/28/2012 1/29/2011 1/30/2010 1/31/2009 2/2/2008 78.4 4.4 6.0 61.1 2.2 5.4 80.8 4.4 5.7 63.9 2.1 4.6 86.6 4.6 5.9 62.0 2.1 4.2 74.5 4.1 6.2 58.5 2.3 4.0 112.7 2.7 5.9 61.5 2.8 4.9
Gross Property, Plant & Equipment Turnover Net Property, Plant & Equipment Turnover Depreciation, Depletion & Amortization % of Gross Property, Plant & Equipment Depreciation, Depletion & Amortization Year to Year Change Depreciation, Depletion & Amortization Year to Year % Change
9.6%
10.2%
10.6%
10.1%
10.0%
-0.6
-0.2
1.6
2.2
2.1
-4.0%
-1.3%
12.4%
20.2%
24.0%
Financial Ratio Analyses\Asset Utilization
Asset Utilization: American

2011 2010 2009 2008 2007
Figures are expressed as the ratio of Net Sales. Net Sales are in millions of U.S. Dollars.
Fiscal Year Fiscal Year End Date Net Sales Cash & Cash Equivalents Short-Term Investments Accounts Receivable Inventories Other Current Assets Total Current Assets Total Long Term Receivables & Investments Long Term Receivables Investments in Associated Companies Other Investments Property, Plant & Equipment - Gross Accumulated Depreciation Property Plant & Equipment - Net Other Assets Total Assets
1/28/2012 1/29/2011 1/30/2010 1/31/2009 2/2/2008 3,159.8 23.6% 0.8% 1.3% 12.0% 3.9% 40.7% 0.0% 2,967.6 24.8% 2.3% 1.2% 10.2% 3.4% 39.6% 0.2% 2,990.5 23.4% 18.5% 1.2% 10.9% 3.6% 39.0% 6.6% 2,988.9 16.2% 14.1% 1.3% 9.9% 3.6% 31.0% 8.4% 3,055.4 20.3% 18.8% 0.9% 9.4% 2.9% 33.4% 5.4%
0.0% 46.2% 27.7% 18.4% 2.1% 61.3%
0.2% 48.3% 26.6% 21.7% 1.2% 62.7%
6.6% 46.6% 22.8% 23.8% 1.1% 70.6%
8.4% 43.4% 18.7% 24.8% 1.1% 65.2%
5.4% 35.7% 15.2% 20.5% 1.0% 60.3%
Financial Ratio Analyses\Employee Efficiency
Employee Efficiency: American

Values per Employee are in U.S. Dollars.

2011 2010 2009 2008 2007
Fiscal Year Fiscal Year End Date Employees Values per Employee Sales Net Income Cash Earnings Working Capital Total Debt Total Capital Total Assets Year to Year % Change per Employee Employees Sales Net Income Cash Earnings Working Capital Total Debt Total Capital Total Assets
1/28/2012 1/29/2011 1/30/2010 1/31/2009 2/2/2008 39,600 39,900 39,400 37,500 38,700
79,793 3,831 8,379 22,275 0 35,779 48,923
74,375 3,523 9,331 19,714 0 33,861 46,626
75,902 4,290 8,901 19,240 761 40,064 53,575
79,703 4,775 10,289 13,963 2,000 37,574 51,965
78,951 10,336 13,893 16,658 0 34,637 47,634
-0.8% 7.3% 8.7% -10.2% 13.0%
1.3% -2.0% -17.9% 4.8% 2.5% -100.0%
5.1% -4.8% -10.2% -13.5% 37.8% -61.9% 6.6% 3.1%
-3.1% 1.0% -53.8% -25.9% -16.2%
40.2% -22.0% -26.4% -43.1% -37.7%
5.7% 4.9%
-15.5% -13.0%
8.5% 9.1%
-32.5% -33.9%
Financial Ratio Analyses\Fixed Charges Coverage
Fixed Charges Coverage: American Fiscal Year Fiscal Year End Date EBIT/Total Interest Expense EBIT/Net Interest EBIT/(Total Interest Exp + Pfd Div) EBIT/Dividends on Common Shares EBIT/(Dividends on Common + Pfd) EBITDA/Total Interest Expense EBITDA/Net Interest EBITDA/(Total Interest Exp + Pfd Div) EBITDA/Dividends on Com Shares EBITDA/(Dividends on Com + Pfd)

2011 2010 2009 2008 2007
1/28/2012 1/29/2011 1/30/2010 1/31/2009 2/2/2008
2.8 2.8
1.6 1.6
7.9 7.9
4.4 4.4
2.4 2.4
9.2 9.2
Financial Ratio Analyses\Leverage Analysis
Leverage Analysis: American Fiscal Year Fiscal Year End Date Long Term Debt % of EBIT Long Term Debt % of EBITDA Long Term Debt % of Total Assets Long Term Debt % of Total Capital Long Term Debt % of Com Equity Total Debt % of EBIT Total Debt % of EBITDA Total Debt % of Total Assets Total Debt % of Total Capital

2011 2010 2009 2008 2007 1/28/2012 1/29/2011 1/30/2010 1/31/2009 2/2/2008 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 73.1% 100.0% 73.1% 3.2% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 72.6% 100.0% 72.6% 2.8% 0.0% 0.0% 0.0% 74.8% 100.0% 74.8% 4.3% 0.0% 0.0% 0.0% 72.3% 100.0% 72.3% 8.9% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 1.4% 1.9% 1.9% 1.9% 3.8% 5.3% 5.1% 5.3% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 72.7% 100.0% 72.7% 8.2%
Total Debt % of Total Capital & Short Term Debt Total Debt % of Common Equity Minority Interest % of EBIT Minority Interest % of EBITDA Minority Interest % of Total Assets Minority Interest % of Total Capital Minority Interest % of Com Equity Preferred Stock % of EBIT Preferred Stock % of EDITDA Preferred Stock % of Total Assets Preferred Stock % of Total Capital Preferred Stock % of Total Equity Common Equity % of Total Assets Common Equity % of Total Capital Total Capital % of Total Assets Capital Expenditure % of Sales
Fixed Assets % of Common Equity Working Capital % of Total Capital Dividend Payout Funds From Operations % of Total Debt
41.1% 62.3% 56.4%
47.6% 58.2%
45.2% 48.0% 49.1% 1,169.1%
52.5% 37.2% 46.0% 514.5%
46.7% 48.1% 20.2%
Financial Ratio Analyses\Liquidity Analysis
Liquidity Analysis: American Fiscal Year Fiscal Year End Date Total Current Assets % Net Sales Cash % of Current Assets Cash & Equivalents % of Current Assets Quick Ratio Receivables % of Current Assets Receivable Turnover - number of days Inventories % of Current Assets

2011 2010 2009 2008 2007 1/28/2012 1/29/2011 1/30/2010 1/31/2009 2/2/2008 40.7% 55.9% 57.9% 1.9 3.1% 4.4 29.4% 61.1 708.8 2.1% 3.2 0.0% 81.8% 39.6% 56.8% 62.6% 2.0 3.1% 4.4 25.6% 63.9 878.1 2.0% 3.0 0.0% 96.0% 39.0% 12.4% 59.9% 1.8 3.0% 4.6 28.0% 62.0 770.4 1.6% 2.9 1.9% 85.8% 31.0% 6.6% 52.3% 1.3 4.3% 4.1 31.9% 58.5 590.6 2.1% 2.3 5.1% 96.0% 33.4% 4.4% 60.7% 1.7 2.7% 2.7 28.1% 61.5 779.0 1.5% 2.7 0.0% 142.9%
Inventory Turnover - number of days Inventory to Cash & Equivalents number of days Receivables % of Total Assets Current Ratio Total Debt % of Total Capital Funds from Operations % of Current Liabilities Funds from Operations % of Long Term Debt Funds from Operations % of Total Debt Funds from Operations % of Total Capital Cash Flow (in milllions of U.S. Dollars) Operating Activities Financing Activities Investing Activities
1,169.1% 23.4% 27.6% 22.2%
514.5% 27.4% 40.1%
239.3 -100.7 87.4
381.2 -436.5 -27.6
386.5 -119.8 49.1
302.2 -8.5 -78.4
464.3 -514.0 -102.7
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Financial Ratio Analyses\Per-Share Ratios
Per Share Data: American

2011 2010 2009 2008 2007
Figures are expressed as per unit of respective shares. Figures are in U.S. Dollars.
Fiscal Year Fiscal Year End Date Sales Operating Income Pre-tax Income Net Income (Continuing Operations) Net Income Before Extra Items Extraordinary Items Net Income After Extraordinary Items Net Income Available to Common Shares Fully Diluted Earnings Common Dividends Cash Earnings Book Value Retained Earnings Assets
1/28/2012 1/29/2011 1/30/2010 1/31/2009 2/2/2008 16.30 1.32 1.22 0.78 0.78 0.00 0.78 0.77 0.77 0.44 1.69 7.30 9.14 9.99 15.27 1.63 1.52 0.72 0.72 0.00 0.72 0.70 0.70 0.43 1.84 6.90 8.81 9.57 14.46 1.24 1.12 0.82 0.82 0.00 0.82 0.81 0.81 0.40 1.67 7.57 8.53 10.21 14.56 1.47 1.45 0.87 0.87 0.00 0.87 0.86 0.86 0.40 1.86 6.74 8.25 9.49 14.89 2.92 3.10 1.95 1.95 0.00 1.95 1.82 1.82 0.38 2.44 6.34 7.81 8.99
Financial Ratio Analyses\Profitability Growth
Profitability Analysis: American

Currency figures are in U.S. Dollars.

2011 2010 2009 2008 2007
Fiscal Year Fiscal Year End Date Gross Income Margin Operating Income Margin Pretax Income Margin EBIT Margin Net Income Margin Return on Equity - Total Return on Invested Capital Return on Assets Asset Turnover Financial Leverage Interest Expense on Debt Effective Tax Rate Cash Flow % Sales Selling, General & Administrative Expenses % of Sales Research & Development Expense Operating Income Return On Total Capital
1/28/2012 1/29/2011 1/30/2010 1/31/2009 2/2/2008 31.4% 8.1% 7.5% 7.5% 4.8% 11.0% 11.0% 8.0% 1.6 0.0% 0 36.0% 10.5% 23.3% 34.7% 10.7% 9.9% 9.9% 4.7% 9.6% 9.5% 7.1% 1.6 0.0% 0 38.3% 12.5% 24.0% 27.3% 11.7% 25.3% 39.7% 12.9% 24.8% 5.7% 11.3% 10.9% 8.3% 1.4 1.9% 6.0% 13.0% 12.7% 9.4% 1.5 5.3% 33.9% 8.6% 7.8% 34.9% 10.1% 9.9% 43.0% 19.6% 20.8% 20.8% 13.1% 29.0% 29.0% 20.9% 1.7 0.0% 0 37.1% 17.6% 23.4%
4.9%
-14.4%
12.0%
5.1%
-5.4%
Wright Quality Rating AnalysesWright Quality Rating Analyses\Investment Acceptance
Wright Quality Rating - Investment Acceptance: American
Eagle Outfitters
Incorporated
Currency figures are in millions of U.S. Dollars.
Wright Quality Rating
BAA0 BAA0
2,793 3,344 2,623 3,141 18,653 18,981 667.9% 567.6% NYSE FRA 365 668 6.1%
Investment Acceptance Rating Total Market Value of Shares Outstanding - Three Year Average - Current Year Public Market Value (Excludes Closely Held) - Three Year Average - Current Year Trading Volume - Three Year Average - Current Year Turnover Rate - Three Year Average - Current Year Stock Exchange Listings Number of Institutional Investors Number of Shareholders Closely Held Shares as % of Total Shares Outstanding
Wright Quality Rating Analyses\Financial Strength
Wright Quality Rating - Financial Strength: American
Eagle Outfitters
B B
Incorporated
Wright Quality Rating Financial Strength Rating Total Shareholders' Equity (Millions of U.S. Dollars) Total Shareholders' Equity as % Total Capital Preferred Stock as % of Total Capital Long Term Debt as % of Total Capital Long Term Debt (Millions of U.S. Dollars) Lease Obligations (Millions of U.S. Dollars) Long Term Debt including Leases (Millions of U.S. Dollars) Total Debt as % of Total Capital Fixed Charge Coverage Ratio: Pretax Income to Interest Expense & Preferred Dividends Fixed Charge Coverage Ratio: Pretax Income to Net Interest Income & Preferred Dividends Quick Ratio (Cash & Receivables / Current Liabilities) Current Ratio (Current Assets / Current Liabilities)
AA0 AA0
1,417
100.0% 0.0% 0.0% 0 0 0 0.0% 0.0 0.0 1.9 3.2
Wright Quality Rating Analyses\Profitability & Stability
Wright Quality Rating - Profitability & Stability: American
Eagle Outfitters
BA BA
Incorporated
Wright Quality Rating Profitability & Stability Rating Profit Rate of Earnings on Equity Capital - Time-Weighted Normal - Basic Trend Cash Earnings Return on Equity - Time-Weighted Average - Basic Trend Cash Earnings Return on Equity - Stability Index Return On Assets (Time-Weighted Average) Pre-Tax Income as % of Total Assets (Time-Weighted Average) Operating Income as % of Total Assets (Time-Weighted Average) Operating Income as % of Total Capital (Adjusted Rate) Pre-Tax Income as % of Total Assets (Time-Weighted Average) Operating Income as % of Total Assets (Time-Weighted Average) Operating Income as % of Total Capital (Adjusted Rate)
A0 A0
16.4% -4.0% 29.7% -4.0% 82.4% 12.2% 19.0% 18.5% 26.3% 19.0% 18.5% 26.3%
Wright Quality Rating Analyses\Corporate Growth
Wright Quality Rating - Corporate Growth: American
Eagle Outfitters
Incorporated
Figures are expressed on a Per Share Basis.
Wright Quality Rating Growth Rating Normal Earnings Growth Cash Earnings Growth Cash Earnings Stability Index Earned Equity Growth Dividend Growth Operating Income Growth Assets Growth Sales/Revenues Growth
BAA BAA
0 0
-10.7% -11.4% 82.4% 10.3% 5.8% -15.8% 2.8% 4.3%

American Eagle Outfitters Incorporated: A Wright Investors' Service Research Report

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American Eagle Outfitters Incorporated: A Wright Investors' Service Research Report

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Company FundamentalsCompany Fundamentals\Company Profile

A Wright Investors' Service Research Report:

American Eagle Outfitters Incorporated

440 Wheelers Farms Road Milford, CT 06461 U.S.A.

Key Data Ticker: AEO 2011 Sales: 3,159,818,000

Most Recent Qtr Last 12 Months

2.56% 57.14% 6.08%

Phone +1 412 432-3300 Home Page http://www.ae.com

Company Fundamentals\Comparative Business Analysis

A Wright Investors' Service Research Report:

American Eagle Outfitters Incorporated

Wright Comparative Business Analysis Report

Children's Place Retail Stores Inc (The) Jan 2012 1.716

Children's Place Retail Stores Inc (The) 2012 Inventory Analysis

American Eagle Outfitters Incorporated 2012

Children's Place Retail Stores Inc (The) 2012

Company Fundamentals\Summary Analysis

American Eagle Outfitters Incorporated

0.86 -52.7% 0.81 -5.8%

14.63 15.29 17.19

0.70 -13.6% 0.77 0.77 10.0% n/c

Company Fundamentals\Sales Analysis

Figures in thousands of U.S. Dollars

American Eagle Outfitters Incorporated

Sales Amount in thousands

Cost of Goods Sold

% of Sales n/a n/a n/a n/a

% of Sales 6.1% 3.9%

717,100 25.7% 745,584 24.4% n/a n/a n/a n/a

440,632 14.8% 376,772 11.9%

Company Fundamentals\Price Analysis

Per Share- U.S. Dollars

American Eagle Outfitters Incorporated

16.500 11.700 17.410 12.560

Company Fundamentals\Earnings & Dividends Analysis

EARNINGS AND DIVIDENDS ANALYSIS:

American Eagle Outfitters

Per Share- U.S. Dollars Fiscal Year Ends in January

CF 0.86 -52.7% CFG 0.70 -13.6%

BASED ON FULLY DILUTED SHARES, (Q ): BASED ON FULLY DILUTED SHARES OUTSTANDING

INCLUDES GAIN/(LOSS) FROM DISCONTINUED OPERATIONS EQUAL TO $(.20) IN 2010

Financial Statement AnalysesFinancial Statement Analyses\Balance Sheet - Common Size

Balance Sheet - (Common Size): American

Eagle Outfitters Incorporated

1/28/2012 1/29/2011 1/30/2010 1/31/2009 2/2/2008

0.0% 75.3% 45.2% 30.0% 3.4%

0.3% 77.0% 42.4% 34.6% 2.0%

9.4% 66.1% 32.3% 33.8% 1.6%

12.9% 66.6% 28.7% 38.0% 1.6%

9.0% 59.2% 25.3% 33.9% 1.7%

1,937.3 9.5% 0.0% 2.2% 1.0%

1,860.4 9.0% 0.0% 1.9% 1.7%

2,110.8 7.5% 1.4% 2.6% 1.0%

1,948.7 7.8% 3.8% 1.5% 0.3%

1,843.4 8.6% 0.0% 2.7% 1.2%

8.2% 20.8% 0.0% 0.0% 0.0%

6.9% 19.4% 0.0% 0.0% 0.0%

7.1% 20.6% 0.0% 0.0% 0.0%

7.9% 20.4% 0.0% 0.0% 0.0%

4.2% -1.1% 2.7% 3.8%

1.1% 26.9% 0.0% 0.0% 0.0%

3.4% 27.4% 0.0% 0.0% 0.0%