Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - AMERICAN EAGLE OUTFITTERS INC | d357726d8k.htm |
| EX-99.1 - PRESS RELEASE DATED MAY 18, 2012 - AMERICAN EAGLE OUTFITTERS INC | d357726dex991.htm |
EXHIBIT 99.2
77KIDS
HISTORICAL STATEMENTS OF OPERATIONS (1)
(Dollars and shares in thousands, except per share amounts)
(unaudited)
| Fiscal 2011 Quarterly Periods Ended | ||||||||||||||||||||||||||||||||
| April 30, | % of | July 30, | % of | October 29, | % of | January 28, | % of | |||||||||||||||||||||||||
| 2011 | Sales | 2011 | Sales | 2011 | Sales | 2012 | Sales | |||||||||||||||||||||||||
| Net sales |
$ | 6,478 | 100.0 | % | $ | 6,583 | 100.0 | % | $ | 12,407 | 100.0 | % | $ | 14,285 | 100.0 | % | ||||||||||||||||
| Cost of sales, including certain buying, occupancy and warehousing expenses |
8,536 | 131.8 | % | 10,700 | 162.5 | % | 15,695 | 126.5 | % | 21,075 | 147.5 | % | ||||||||||||||||||||
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| Gross profit |
(2,058 | ) | -31.8 | % | (4,117 | ) | -62.5 | % | (3,288 | ) | -26.5 | % | (6,790 | ) | -47.5 | % | ||||||||||||||||
| Selling, general and administrative expenses |
3,239 | 50.0 | % | 3,986 | 60.6 | % | 4,896 | 39.5 | % | 5,584 | 39.1 | % | ||||||||||||||||||||
| Loss on impairment of assets |
— | 0.0 | % | — | 0.0 | % | — | 0.0 | % | 1,552 | 10.9 | % | ||||||||||||||||||||
| Depreciation and amortization |
444 | 6.8 | % | 678 | 10.3 | % | 784 | 6.3 | % | 783 | 5.5 | % | ||||||||||||||||||||
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| Operating loss |
(5,741 | ) | -88.6 | % | (8,781 | ) | -133.4 | % | (8,968 | ) | -72.3 | % | (14,709 | ) | -103.0 | % | ||||||||||||||||
| Other income, net |
— | 0.0 | % | — | 0.0 | % | — | 0.0 | % | — | 0.0 | % | ||||||||||||||||||||
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| Loss before income taxes |
(5,741 | ) | -88.6 | % | (8,781 | ) | -133.4 | % | (8,968 | ) | -72.3 | % | (14,709 | ) | -103.0 | % | ||||||||||||||||
| Benefit for income taxes |
(2,195 | ) | -33.9 | % | (3,358 | ) | -51.0 | % | (3,444 | ) | -27.8 | % | (5,628 | ) | -39.4 | % | ||||||||||||||||
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| Net loss |
$ | (3,546 | ) | -54.7 | % | (5,423 | ) | -82.4 | % | (5,524 | ) | -44.5 | % | (9,081 | ) | -63.6 | % | |||||||||||||||
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| Net loss per basic common share |
$ | (0.02 | ) | $ | (0.03 | ) | $ | (0.03 | ) | $ | (0.05 | ) | ||||||||||||||||||||
| Net loss per diluted common share |
$ | (0.02 | ) | $ | (0.03 | ) | $ | (0.03 | ) | $ | (0.05 | ) | ||||||||||||||||||||
| Weighted average common shares outstanding—basic |
194,683 | 194,909 | 194,378 | 193,798 | ||||||||||||||||||||||||||||
| Weighted average common shares outstanding—diluted |
196,633 | 196,578 | 195,985 | 195,913 | ||||||||||||||||||||||||||||
| Fiscal 2010 Quarterly Periods Ended | ||||||||||||||||||||||||||||||||
| May 1, | % of | July 31, | % of | October 30, | % of | January 29, | % of | |||||||||||||||||||||||||
| 2010 | Sales | 2010 | Sales | 2010 | Sales | 2011 | Sales | |||||||||||||||||||||||||
| Net sales |
$ | 3,342 | 100.0 | % | $ | 2,761 | 100.0 | % | $ | 6,658 | 100.0 | % | $ | 9,504 | 100.0 | % | ||||||||||||||||
| Cost of sales, including certain buying, occupancy and warehousing expenses |
4,769 | 142.7 | % | 4,363 | 158.0 | % | 9,769 | 146.7 | % | 14,556 | 153.2 | % | ||||||||||||||||||||
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| Gross profit |
(1,427 | ) | -42.7 | % | (1,602 | ) | -58.0 | % | (3,111 | ) | -46.7 | % | (5,052 | ) | -53.2 | % | ||||||||||||||||
| Selling, general and administrative expenses |
1,578 | 47.2 | % | 1,752 | 63.5 | % | 3,509 | 52.7 | % | 3,434 | 36.1 | % | ||||||||||||||||||||
| Depreciation and amortization |
71 | 2.1 | % | 98 | 3.5 | % | 270 | 4.1 | % | 387 | 4.1 | % | ||||||||||||||||||||
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| Operating loss |
(3,076 | ) | -92.0 | % | (3,452 | ) | -125.0 | % | (6,890 | ) | -103.5 | % | (8,873 | ) | -93.4 | % | ||||||||||||||||
| Other income, net |
— | 0.0 | % | — | 0.0 | % | — | 0.0 | % | — | 0.0 | % | ||||||||||||||||||||
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| Loss before income taxes |
(3,076 | ) | -92.0 | % | (3,452 | ) | -125.0 | % | (6,890 | ) | -103.5 | % | (8,873 | ) | -93.4 | % | ||||||||||||||||
| Benefit for income taxes |
(1,169 | ) | -35.0 | % | (1,304 | ) | -47.2 | % | (2,630 | ) | -39.5 | % | (3,391 | ) | -35.7 | % | ||||||||||||||||
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| Net loss |
$ | (1,907 | ) | -57.2 | % | (2,148 | ) | -77.8 | % | (4,260 | ) | -64.0 | % | (5,482 | ) | -57.7 | % | |||||||||||||||
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| Net loss per basic common share |
$ | (0.01 | ) | $ | (0.01 | ) | $ | (0.02 | ) | $ | (0.03 | ) | ||||||||||||||||||||
| Net loss per diluted common share |
$ | (0.01 | ) | $ | (0.01 | ) | $ | (0.02 | ) | $ | (0.03 | ) | ||||||||||||||||||||
| Weighted average common shares outstanding—basic |
207,718 | 201,764 | 195,590 | 194,878 | ||||||||||||||||||||||||||||
| Weighted average common shares outstanding—diluted |
210,285 | 203,153 | 197,323 | 196,789 | ||||||||||||||||||||||||||||
| (1) | Represents 77kids store and online business operating results, as well as home office and other costs directly attributable to 77kids operations. |