American Eagle Outfitters Provides Fourth Quarter Update, Reiterates EPS Guidance, Announces Participation in the 18th Annual ICR Conference

PITTSBURGH–(BUSINESS WIRE)–American Eagle Outfitters, Inc. (NYSE:AEO) today announced that fourth
quarter comparable sales to date have increased 4%. The company
continues to expect fourth quarter EPS to be in the range of $0.40 to
$0.42 per diluted share, compared to EPS from continuing operations of
$0.36 last year.

Jay Schottenstein, chief executive officer commented, “Despite a very
challenging macro-environment, we had a solid holiday season, driven by
positive results in both our brands. The online business was
particularly strong, and we leveraged our omni-channel tools to deliver
an improved customer experience. I am extremely pleased with the steady
progress made in 2015, with expected annual EPS growth of roughly 70%.
I’m optimistic about our future plans, and across the organization we
are diligently focused on driving continued momentum in 2016.”

The company will release fourth quarter and annual 2015 fiscal results
on March 2, 2016 and will host a conference call to review financial
results on that date.

ICR Conference

The company also announced that management will present at the 18th
Annual ICR Conference on Tuesday, January 12, 2016 at 10:00 AM EST.

A link to the live webcast will be available on the company’s website, www.investors.ae.com
at approximately 9:45 AM EST on Tuesday, January 12, 2016.

About American Eagle Outfitters, Inc.

American Eagle Outfitters, Inc. (NYSE: AEO) is a leading global
specialty retailer offering high-quality, on-trend clothing, accessories
and personal care products at affordable prices under its American Eagle
Outfitters® and Aerie® brands. The company operates more than 1,000
stores in the United States, Canada, Mexico, China, Hong Kong and the
United Kingdom, and ships to 81 countries worldwide through its
websites. American Eagle Outfitters and Aerie merchandise also is
available at 141 international stores operated by licensees in 22
countries. For more information, please visit www.ae.com.

“Safe Harbor” Statement under the Private Securities Litigation Reform
Act of 1995: This release contains forward-looking statements, which
represent our expectations or beliefs concerning future events,
including fourth quarter and fiscal year 2015 results. All
forward-looking statements made by the company involve material risks
and uncertainties and are subject to change based on factors beyond the
company’s control. Such factors include, but are not limited to the risk
that the company’s operating, financial and capital plans may not be
achieved and the risks described in the Risk Factor Section of the
company’s Form 10-K and Form 10-Q filed with the Securities and Exchange
Commission. Accordingly, the company’s future performance and financial
results may differ materially from those expressed or implied in any
such forward-looking statements. The company does not undertake to
publicly update or revise its forward-looking statements even if future
changes make it clear that projected results expressed or implied will
not be realized.

Contacts

American Eagle Outfitters, Inc.
Kristen Zaccagnini, 412-432-3300