SECURITIES AND EXCHANGE COMMISSION 
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
May 13, 2004 
 Date of Report (Date of earliest event reported)
AMERICAN EAGLE OUTFITTERS, INC. 
 (Exact name of registrant as specified in its charter)
Delaware 
 (State or other jurisdiction of incorporation)

0-23760	 	13-2721761	
(Commission File Number)	 	(IRS Employer Identification No.)	
 	 	 	
150 Thorn Hill Drive	 	15086-7528	
Warrendale, Pennsylvania	 	(Zip Code)	
(Address of principal executive offices)	 	 	
(724) 776-4857 
 (Registrant's telephone number, including area code)
Not Applicable
 (Former name or former address, if changed since last report)

  ITEM 7.	  Financial Statements, Pro Forma Financial Information and Exhibits.  	 	
	(c) Exhibits			
				
	   Exhibit No.	                   Description	 	
	         99.1	Press Release dated May 13, 2004		
				
ITEM 12 .	Results of Operations and Financial Condition.		
	The information in this Form 8-K, including the accompanying exhibit, is being furnished under Item 12 and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities and Exchange Act of 1934 (the "Exchange Act"), or otherwise subject to the liability of such section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of the general incorporation language of such filing, except as shall be expressly set forth by specific reference in such filing.
On May 13, 2004, American Eagle Outfitters, Inc. (the "Company") issued a press release announcing, among other things, the Company's financial results for the first quarter ended May 1, 2004.  A copy of this press release is attached hereto as Exhibit 99.1.		

SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	 	AMERICAN EAGLE OUTFITTERS, INC.	 	

Dated: May 13, 2004	 	By:	/s/ Laura A. Weil	 	
 	 	Name:	Laura A. Weil	 	
 	 	 	Executive Vice President and
Chief Financial Officer	 	

EXHIBIT INDEX

Exhibit No.	Description	
 	 	
Exhibit 99.1	Press Release dated May 13, 2004	

EXHIBIT 99.1
 
AMERICAN EAGLE
OUTFITTERS
Reports Record First Quarter EPS of $0.34 versus $0.09 Last Year;
Comparable Store Sales Increase 9.3% and Total Sales Rise 19.9%
Warrendale, PA, May 13, 2004 - American Eagle Outfitters, Inc. (NASDAQ: AEOS) today announced its consolidated financial results for the first quarter ended May 1, 2004. Management also stated that at this time they are comfortable with the current second quarter First Call mean estimate of $0.22 per share. Additionally, if sales momentum continues and the markdown rates remain low, there could be upside to the First Call mean.
·	Total sales increased 19.9% to $350.0 million from $291.9 million for the quarter ended May 3, 2003.
·	Sales for the first quarter 2004 included $17.8 million from the Bluenotes/Thriftys operation, compared to $15.8 million for the corresponding period last year.
·	Comparable store sales for the American Eagle Outfitters stores increased 9.8% for the quarter ended May 1, 2004.
·	Consolidated comparable store sales, which include American Eagle and Bluenotes/Thriftys stores, increased 9.3% when compared to the corresponding period last year.
·	Net income for the quarter increased 292% to $25.1 million, or $0.34 per share on a diluted basis, from net income of $6.4 million, or $0.09 per share on a diluted basis last year.
* * * * 
At 9:00 a.m. EST, on May 13, 2004, the Company's management team will host a conference call to review the financial results. To listen to the call, dial 877-601-0864 at least ten minutes prior to the start of the call. The conference call will also be simultaneously broadcast over the Internet at www.ae.com. A replay will be available beginning May 13th at 1:00 p.m. EST through May 31st. To listen to the replay, dial 1-800-642-1687 and reference confirmation code #6301788. An audio replay of the conference call will also be available at www.ae.com until August 12th.
American Eagle Outfitters (NASDAQ: AEOS) is a leading lifestyle retailer that designs, markets, and sells its own brand of relaxed, casual clothing for 15 to 25 year olds, providing high-quality merchandise at affordable prices. AE's collection includes modern basics like jeans, cargo pants, and graphic Ts as well as a stylish assortment of cool accessories, outerwear and footwear. AE's Canadian subsidiary, Bluenotes/Thriftys, offers a more urban/suburban, denim-driven collection for 12 to 22 year olds. American Eagle Outfitters currently operates 748 AE stores in 49 states, the District of Columbia and Puerto Rico, 64 AE stores in Canada, and 108 Bluenotes/Thriftys stores in Canada. AE also operates via its Web business, www.ae.com, which offers additional sizes and styles of favorite AE merchandise.
"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, specifically regarding second quarter earnings.  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 our second quarter sales, markdowns and/or earnings expectations may not be achieved, and those other risks described in the Company's filings 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.
Company Contacts :    

Laura Weil
Judy Meehan
724-776-4857

AMERICAN EAGLE OUTFITTERS, INC.
 CONDENSED CONSOLIDATED BALANCE SHEETS
 (Dollars in thousands)
 	
	 	(Unaudited)				(Unaudited)	
	 	May 1,
2004		January 31,
2004		May 3,
2003	
ASSETS	 	 					
Cash and cash equivalents and short-term investments	$	326,268	$	337,812	$	214,021	
Merchandise inventory	 	146,786		120,586		146,205	
Other current assets	 	76,840		67,225		74,401	
   Total current assets	 	549,894		525,623		434,627	
Property and equipment, net	 	277,193		278,689		270,903	
Goodwill, net	 	10,136		10,136		23,614	
Other assets, net	 	51,826		50,623		30,882	
   Total Assets	$	889,049	$	865,071	$	760,026	
	 	 					
LIABILITIES AND STOCKHOLDERS' EQUITY	 	 					
Accounts payable	$	68,777	$	71,330	$	60,769	
Accrued compensation and payroll taxes	 	22,546		14,409		14,962	
Accrued rent	 	30,778		30,985		27,291	
Accrued income and other taxes	 	18,152		28,669		18,449	
Unredeemed stored value cards and gift certificates	 	18,181	 	25,785	 	16,195	
Current portion of note payable	 	4,832		4,832		4,528	
Other current liabilities	 	13,091		13,025		9,931	
    Total current liabilities	 	176,357		189,035		152,125	
Note Payable	 	12,660		13,874		16,019	
Other non-current liabilities	 	20,516		18,492		5,836	
    Total non-current liabilities	 	33,176		32,366		21,855	
    Total stockholders' equity	 	679,516		643,670		586,046	
    Total Liabilities and Stockholders' Equity	$	889,049	$	865,071	$	760,026	
	 						
Current Ratio	 	3.12		2.78		2.86	

AMERICAN EAGLE OUTFITTERS, INC.
 CONSOLIDATED STATEMENTS OF OPERATIONS
 (Dollars in thousands, except per share amounts)
(Unaudited)	
					
		Three Months Ended	
		May 1,
2004		May 3,
2003	

Net sales	$	350,025	$	291,858	
Cost of sales, including certain buying,					
occupancy and warehousing expenses		200,156		185,870	
Gross profit		149,869		105,988	
Selling, general and administrative expenses		95,180		82,856	
Depreciation and amortization		14,622		13,416	
Operating income		40,067		9,716	
Other income, net		977		641	
Income before income taxes		41,044		10,357	
Provision for income taxes		15,937		3,954	
Net income	$	25,107	$	6,403	
					
Basic income per common share	$	0.35	$	0.09	
Diluted income per common share	$	0.34	$	0.09	
					
Weighted average common shares outstanding - basic		71,506		71,056	
Weighted average common shares outstanding - diluted		73,247		71,991	

Total square footage at end of period:									
									
American Eagle Outfitters Stores						4,285,182		3,883,468	
Bluenotes/Thriftys Stores						349,661		353,325	

Store count at end of period:									
									
American Eagle Outfitters Stores						809		761	
Bluenotes/Thriftys Stores						109		111