American Eagle Outfitters news and archive

American Eagle Outfitters withdraws guidance after millions in write-downs on inventories

US clothing group American Eagle Outfitters withdrew its forecasts for the full year following disappointing preliminary figures for the first quarter. Revenues are expected to fall by 5 percent to 1.1 billion dollars. Sales at the main brand American Eagle fell by 2 percent, and at the activewear label Aerie by 4 percent. An adjusted operating...

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Business

American Eagle forecasts sales decline amid challenging retail environment

Apparel retailer American Eagle anticipates a challenging year ahead, forecasting mid-single-digit sales declines for the current quarter, diverging from analysts' expectations of marginal growth. Full-year projections also point to a low single-digit sales decrease, falling short of consensus estimates. During an analyst call, finance chief...

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Business

American Eagle lifts profit guidance

American Eagle Outfitters (AEO) announced that fourth quarter-to-date comparable sales to January 4, 2025, were up in the low single digits, tracking ahead of recent guidance of positive 1 percent. The company said trends across American Eagle and Aerie were positive. As a result, American Eagle is raising its fourth quarter outlook, with...

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Business

After a mixed quarter American Eagle Outfitters lowers sales forecast

The US clothing group American Eagle Outfitters Inc. (AEO) presented mixed figures for the third quarter of the 2024/25 fiscal year on Wednesday evening and revised its sales forecast downwards. In the 13 weeks before November 2, group sales reached 1.29 billion US dollars (1.22 billion euros). This represents a one percent drop compared to the...

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Business

AEO Inc. reports growth across all brands for Q3

AEO Inc. reported an increase of 3 percent in total comparable sales for its third quarter, following a 5 percent growth in comparable sales during the same period last year, highlighting the success of the company’s profitable growth plan. The parent company of American Eagle and Aerie, AEO Inc., reported a 1 percent decline in total net...

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American Eagle's Q2 revenues increase by 8 percent

American Eagle Outfitters (AEO) second quarter net revenue of 1.3 billion dollars rose 8 percent, while store revenue rose 7 percent and digital revenue increased 12 percent. AEO’s diluted earnings per share were 39 cents. For the third quarter, the company expects operating income to be in the range of 120 to 125 million dollars, comparable...

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Fashion

AEO awards one million dollars worth of scholarships

American Eagle Outfitters (AEO) has named 19 new recipients that will receive support under its scholarship programme for 2024, bringing its total value of scholarships awarded to over one million dollars. Now in the fourth cohort, the latest batch of scholarship students, who continued to be awarded under the AEO Steven A. Davis Scholarship for...

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People

American Eagle Outfitters appoints Stephanie Pugliese as independent director

American Eagle Outfitters (AEO) has announced the appointment of Stephanie Pugliese to the company’s board of directors. Pugliese, the company said in a release, joins as an independent director, effective August 1, 2024. The addition of Pugliese increases AEO’s board to eight directors, seven of whom are independent. “Stephanie’s appointment...

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Business

First quarter revenues up 6 percent at American Eagle Outfitters

First quarter net revenue at American Eagle Outfitters of 1.1 billion dollars rose 6 percent in the first quarter, while store revenue rose 4 percent and digital revenue increased 12 percent. Aerie segment revenue of 373 million dollars rose 4 percent during the quarter, with comp sales up 6 percent, while American Eagle revenue of 725 million...

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Management

American Eagle revenues jump, announces plan to improve profitability

Fourth quarter net revenue at American Eagle Outfitters (AEO) of 1.7 billion dollars rose 12 percent with store revenue growth of 10 percent, while digital revenue increased 19 percent. The company also announced its new Powering Profitable Growth long-term strategy structured to deliver 5.7 to 6 billion dollars in revenue and an approximate 10...

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Business

American Eagle Outfitters lifts outlook on strong holiday sales

American Eagle Outfitters announced that fourth quarter-to-date revenue, through Saturday, December 30, 2023, is up approximately 8 percent, with American Eagle tracking up high single digits and Aerie up in the low teens. The company is raising its fourth quarter outlook for revenue to be up in the low double digits. Operating profit is now...

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Business

American Eagle Outfitters lifts quarterly dividend by 25 percent

American Eagle Outfitters (AEO) has raised the amount of its quarterly cash dividend by 25 percent. The company’s board declared a regular quarterly cash dividend of 0.125 cents on December 13, 2023, payable on January 19, 2024 to stockholders of record at the close of business on January 5, 2024. “I am pleased to announce a 25 percent increase...