Aerie news and archive

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...

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...

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...

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...

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...

Business

American Eagle Outfitters Q3 sales up 5 percent

Third quarter revenue at American Eagle Outfitters (AEO) of 1.3 billion dollars was up 5 percent with store revenue up 3 percent and digital revenue increasing 10 percent. The company said in a release that Aerie brand revenue of 393 million dollars rose 12 percent with comparable sales up 12 percent and American Eagle revenue of 857 million...

Business

American Eagle Outfitters beats revenue outlook, reinstates dividend

American Eagle Outfitters, Inc. (AEO) reported net revenue of 1.5 billion dollars, down 1 percent in the fourth quarter of 2022. According to Reuters analysts on average had expected revenue of 1.48 billion dollars. Brand revenue declined 2 percent, exceeding company expectations for a mid-single digit decline. The company also reinstated its...

Business

American Eagle Outfitters expects Q4 results at high end of guidance

American Eagle Outfitters, Inc. (AEO) announced that fourth quarter-to-date brand revenue, through Saturday, January 7, 2023, is down approximately 3 percent, on the higher end of its expectations. The company added that American Eagle is tracking slightly ahead and Aerie is in line with expectations. Quiet Logistics is expected to add 2...

Business

American Eagle's Q3 sales performance beats expectations

For the third quarter, American Eagle Outfitters, Inc. net revenue of 1.2 billion dollars was down 3 percent to the third quarter of 2021. A Reuters report said, analysts had expected revenue of 1.21 billion dollars, according to IBES data from Refinitiv. The company said, supply chain business, quiet platforms, contributed approximately 2...

Business

American Eagle Outfitters posts flat revenue growth

Second quarter net revenues at American Eagle Outfitters, Inc. (AEO) reached 1.2 billion dollars, flat to the second quarter of 2021, while brand revenue declined 2%. By brand, the company said in a release, Aerie revenue of 372 million dollars rose 11 percent, reflecting a 25 percent three-year revenue CAGR but comp sales declined 6 percent....

Business

American Eagle Outfitters reports challenging Q1

For the first quarter, American Eagle Outfitters, Inc. reported a total net revenue increase of 20 million dollars or two percent to 1.055 billion dollars, with supply chain acquisitions contributing approximately three percentage points to revenue growth. “The first quarter proved challenging, with demand well below our expectations, pressuring...

Retail

American Eagle and Aerie Carnaby store openings fall through

The highly anticipated UK store debuts for American Eagle and Aerie have been scrapped after the brands’ licensee company AEO EU descended into liquidation in January. The US fashion brands were set to open their first stores in the country at London’s Carnaby location in December. However, the brands’ owner American Eagle decided to terminate...