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 15, 2003 
 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 15, 2003		
				
 ITEM 9.	Regulation FD Disclosure.		
	The following information is intended to be furnished under Item 12, "Results of Operations and Financial Condition" and is being furnished under Item 9, "Regulation FD Disclosure" pursuant to interim guidance issued by the Securities and Exchange Commission in Release Nos. 33-8216 and 34-47583.  On May 15, 2003, American Eagle Outfitters, Inc. (the "Company") issued a press release announcing the Company's financial results for the first quarter ended May 3, 2003.  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 15, 2003	 	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 15, 2003	

 
EXHIBIT 99.1
 
AMERICAN EAGLE
OUTFITTERS
Reports First Quarter Fully Diluted EPS of $0.09
on Total Sales Increase of 5.0%

Warrendale, PA, May 15, 2003 - 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.
* * * *
At 9:00 a.m. EST, on May 15, 2003, 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 15th at 1:00 p.m. EST through May 31st. To listen to the replay, dial 1-800-642-1687 and reference confirmation code #9672930. An audio replay of the conference call will also be available at www.ae.com until August 14th.
American Eagle Outfitters is a leading lifestyle retailer that designs, markets and sells its own brand of relaxed, versatile clothing for 16 to 34 year-olds, providing high-quality merchandise at affordable prices. AE's lifestyle collection includes casual basics like khakis, cargos, and jeans; fashion tops like rugbys, polos, and graphic T's; and functional items like swimwear, outerwear, footwear, and accessories. AE's Canadian subsidiary, Bluenotes/Thriftys, targets a slightly younger demographic, offering a more urban/suburban, denim-driven collection for 12 to 22 year-olds. American Eagle Outfitters currently operates 702 AE stores in 48 states and the District of Columbia, 59 AE stores in Canada, and 111 Bluenotes/Thriftys stores in Canada. AE also operates via its Internet business, ae.com.
Company Contacts :    

Laura Weil
Judy Meehan
724-776-4857

AMERICAN EAGLE OUTFITTERS, INC.
 CONDENSED CONSOLIDATED BALANCE SHEETS
 (Dollars in thousands)
 	
	 	 (Unaudited)				(Unaudited)	
	 	May 3,
2003		February 1,
2003		May 4,
2002	
ASSETS	 	 					
Cash and cash equivalents	$	106,955	$	194,526	$	120,054	
Short-term investments	 	107,066		47,047		62,377	
Merchandise inventory	 	146,205		124,708		114,183	
Other current assets	 	74,401		61,597		76,364	
   Total current assets	 	434,627		427,878		372,978	
Property and equipment, net	 	270,903		267,479		262,959	
Goodwill, net	 	23,614		23,614		23,966	
Other assets, net	 	30,882		22,368		24,660	
   Total Assets	$	760,026	$	741,339	$	684,563	
	 	 					
LIABILITIES AND STOCKHOLDERS' EQUITY	 	 					
Accounts payable	$	60,769	$	50,608	$	70,644	
Accrued compensation and payroll taxes	 	14,962		13,001		19,800	
Accrued rent	 	27,291		28,476		27,570	
Accrued income and other taxes	 	18,449		12,655		883	
Unredeemed stored value cards and gift certificates	 	16,195	 	22,837	 	12,021	
Current portion of note payable	 	4,528		4,225		4,112	
Other current liabilities	 	9,931		9,784		9,184	
    Total current liabilities	 	152,125		141,586		144,214	
Note Payable	 	16,019		16,356		18,662	
Other non-current liabilities	 	5,836		5,915		4,188	
    Total non-current liabilities	 	21,855		22,271		22,850	
    Total stockholders' equity	 	586,046		577,482		517,499	
    Total Liabilities and Stockholders' Equity	$	760,026	$	741,339	$	684,563	
	 						
Current Ratio	 	2.86		3.02		2.59	

AMERICAN EAGLE OUTFITTERS, INC.
 CONSOLIDATED STATEMENTS OF OPERATIONS
 (Dollars in thousands, except per share amounts)
(Unaudited)	
					
		Three Months Ended	
		May 3,
2003		May 4,
2002	

Net sales	$	291,858	$	277,893	
Cost of sales, including certain buying,					
occupancy and warehousing expenses		185,870		167,874	
Gross profit		105,988		110,019	
Selling, general and administrative expenses		82,856		78,139	
Depreciation and amortization		13,416		11,958	
Operating income		9,716		19,922	
Other income, net		641		661	
Income before income taxes		10,357		20,583	
Provision for income taxes		3,954		7,865	
Net income	$	6,403	$	12,718	
					
Basic income per common share	$	0.09	$	0.18	
Diluted income per common share	$	0.09	$	0.17	
					
Weighted average common shares outstanding - basic		71,056		72,036	
Weighted average common shares outstanding - diluted		71,991		73,714	

Total square footage at end of period:									
									
American Eagle Outfitters Stores						3,883,468		3, 413,933	
Bluenotes/Thriftys Stores						353,325		354,853	

Store count at end of period:									
									
American Eagle Outfitters Stores						7 61		689	
Bluenotes/Thriftys Stores						111		112