- \n
- Record Aerie revenue with comp growth of 6%; American Eagle comp growth of 1%<\/i><\/li>\n<\/ul>\n
Fiscal year comparable sales growth of 4%; record revenue with significant profit expansion<\/i><\/b><\/p>\n
- \n
- Record Aerie revenue with comp growth of 5%. American Eagle comp growth of 3%<\/i><\/li>\n
- GAAP operating income of $427 million. Adjusted operating income up 19% to $445 million<\/i><\/li>\n<\/ul>\n
Over $190 million returned to shareholders through shares repurchases in 2024; Board of Directors authorizes additional 50 million shares for repurchase<\/i><\/b><\/p>\n
PITTSBURGH–(BUSINESS WIRE<\/a>)–
\nAmerican Eagle Outfitters, Inc. (NYSE: AEO) today announced financial results for the fourth quarter and fiscal year 2024 ended February 1, 2025.\n<\/p>\n\n\u201c2024 demonstrated significant progress on our Powering Profitable Growth Plan. The team delivered strong operating profit growth with positive momentum across our brands and channels as well as disciplined expense management and operating efficiencies,\u201d commented Jay Schottenstein, AEO\u2019s Executive Chairman of the Board and Chief Executive Officer.\n<\/p>\n
\n\u201cEntering 2025, the first quarter is off to a slower start than expected, reflecting less robust demand and colder weather. While we anticipate improvement as the Spring season gets underway, we are also taking proactive steps to strengthen the top-line, manage inventory and reduce expenses. As we navigate through an uncertain consumer and operating landscape, we will also remain focused on our long-term strategic priorities,\u201d he added.\n<\/p>\n
Fourth Quarter 2024 Results:<\/b><\/p>\n
- \n
- \nFourth quarter 2024 results are presented for the 13 weeks ended February 1, 2025 compared to the 14 weeks ended February 3, 2024. Comparable sales metrics are presented for the 13 weeks ended February 1, 2025 compared to the 13 weeks ended February 3, 2024.\n<\/li>\n
- \nTotal comparable sales increased 3%, following 8% reported comp growth last year.\n<\/li>\n
- \nTotal net revenue of $1.6 billion declined 4%. This included approximately $85 million of adverse impact from one less selling week and the retail calendar shift.\n<\/li>\n
- \nAerie comparable sales increased 6% on a 13% increase last year. American Eagle comparable sales grew 1% following 6% growth last year.\n<\/li>\n
- \nGross profit of $599 million. Gross margin of 37.3% reflected higher freight and product costs, offset by lower markdowns. BOW costs were roughly neutral.\n<\/li>\n
- \nSelling, general and administrative expense of $402 million decreased 6% and leveraged 40 basis points. The improved rate was due to lower compensation, including incentive costs, partially offset by increased advertising.\n<\/li>\n
- \nOperating income rose slightly to $142 million, reflecting an operating margin of 8.9%. This included an approximately $20 million adverse impact from one less selling week and the retail calendar shift.\n<\/li>\n
- \nDiluted earnings per share was $0.54. Average diluted shares outstanding were 193 million.\n<\/li>\n<\/ul>\n
Fiscal Year 2024 Results:<\/b><\/p>\n
- \n
- \nFiscal Year 2024 results are presented for the 52 weeks ended February 1, 2025 compared to the 53 weeks ending February 3, 2024. Comparable sales metrics are presented for the 52 weeks ended February 1, 2025 compared to the 52 weeks ended February 3, 2024.\n<\/li>\n
- \nTotal comparable sales increased 4%, following 3% reported comp growth last year.\n<\/li>\n
- \nTotal net revenue of $5.3 billion increased 1%. This included an approximately $60 million adverse impact from one less selling week.\n<\/li>\n
- \nAerie comparable sales increased 5% on 8% growth last year. American Eagle comparable sales increased 3% following 1% growth last year.\n<\/li>\n
- \nGross profit of $2.1 billion increased 3%. Gross margin of 39.2% expanded driven by lower rent, utilities and delivery expenses, with a partial offset from higher markdowns.\n<\/li>\n
- \nSelling, general and administrative expense of $1.4 billion was roughly in-line to last year and leveraged 30 basis points. The improved rate was due to lower compensation, including incentive costs, partially offset by increased advertising.\n<\/li>\n
- \nGAAP Operating income of $427 million. Adjusted operating income of $445 million reflected an operating margin of 8.3%. This included an approximately $5 million adverse impact from one less selling week.\n<\/li>\n
- \nGAAP diluted earnings per share was $1.68. Adjusted diluted earnings per share was $1.74. Average diluted shares outstanding were 196 million.\n<\/li>\n<\/ul>\n
Inventory<\/b><\/p>\n
\nTotal ending inventory decreased 1% to $637 million. Inventory is healthy and well positioned for the Spring season.\n<\/p>\n
Shareholder Returns<\/b><\/p>\n
\nIn the fourth quarter the company repurchased 3.5 million shares for $60 million, bringing full-year repurchases to 9.5 million shares for $191 million. The company also returned approximately $24 million in cash to shareholders through its quarterly cash dividend of $0.125 per share, bringing year-to-date cash dividends to $96 million.\n<\/p>\n
New Share Repurchase Authorization<\/b><\/p>\n
\nOn March 11, 2025, the company’s Board of Directors authorized an additional 50 million shares for repurchase under its existing authorization, increasing the total shares available for repurchase to 68.5 million through February 3, 2029.\n<\/p>\n
\nShare repurchases may be made from time to time in open market or private transactions in such manner as may be deemed advisable from time to time (including, without limitation, pursuant to one or more 10b5-1 trading plans, accelerated share repurchase programs, and any other method that the company may deem advisable) and may be discontinued at any time.\n<\/p>\n
Capital Expenditures<\/b><\/p>\n
\nCapital expenditures totaled $65 million in the fourth quarter and $223 million for fiscal year 2024. The company expects 2025 capital expenditures to be approximately $300 million. This includes a one-time $40 million cost of relocating to a new Manhattan office, which provides more favorable lease terms.\n<\/p>\n
Outlook<\/b><\/p>\n
\nThe company\u2019s outlook reflects near-term headwinds in the consumer and macroeconomic operating environment, balanced with proactive steps the company is taking to strengthen the top-line and reduce expenses.\n<\/p>\n
\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n First Quarter 2025 Outlook<\/b><\/p>\n<\/td>\n
\n Fiscal Year 2025 Outlook<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n Revenue<\/b><\/p>\n<\/td>\n
\n \nMid-single digit decline\n<\/p>\n<\/td>\n
\n \nLow-single digit decline\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Gross Margin<\/b><\/p>\n<\/td>\n
\n \nDown YoY\n<\/p>\n<\/td>\n
\n \nDown YoY\n<\/p>\n<\/td>\n<\/tr>\n
\n \n SG&A<\/b><\/p>\n<\/td>\n
\n \nFlat dollars\n<\/p>\n<\/td>\n
\n \nLow-single digit dollar decline\n<\/p>\n<\/td>\n<\/tr>\n
\n \n D&A<\/b><\/p>\n<\/td>\n
\n \n–\n<\/p>\n<\/td>\n
\n \nApproximately $230M\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Operating Income<\/b><\/p>\n<\/td>\n
\n \n$20 to $25 million\n<\/p>\n<\/td>\n
\n \n$360 to $375 million\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Tax Rate<\/b><\/p>\n<\/td>\n
\n \n–\n<\/p>\n<\/td>\n
\n \nApproximately 25%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Weighted Average Share Count<\/b><\/p>\n<\/td>\n
\n \n–\n<\/p>\n<\/td>\n
\n \nLow 190 million*\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Capital Expenditures<\/b><\/p>\n<\/td>\n
\n \n–\n<\/p>\n<\/td>\n
\n \nApproximately $300 million\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
*Does not include repurchase activity beyond offsetting internal grants<\/sup><\/b><\/p>\n
Webcast and Supplemental Financial Information<\/b><\/p>\n
\nManagement will host a conference call and real time webcast today at 4:30pm Eastern Time. To listen to the call, dial 1-877-407-0789 or internationally dial 1-201-689-8562 or go to www.aeo-inc.com<\/a> to access the webcast and audio replay. Additionally, a financial results presentation is posted on the company\u2019s website.\n<\/p>\n
About American Eagle Outfitters, Inc.<\/b><\/p>\n
\nAmerican Eagle Outfitters, Inc. (NYSE: AEO) is a leading global specialty retailer with a portfolio of beloved apparel brands including American Eagle, Aerie, OFFL\/NE by Aerie, Todd Snyder and Unsubscribed. Rooted in optimism, inclusivity and authenticity, AEO\u2019s brands empower every customer to celebrate their unique personal style by offering casual, comfortable, timeless outfitting and high-quality products that are made to last.\n<\/p>\n
\n
\n \u00a0<\/td>\n<\/tr>\n \n <\/tr>\n \n \u00a0<\/td>\n<\/tr>\n \n \n AMERICAN EAGLE OUTFITTERS, INC.<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n CONSOLIDATED BALANCE SHEETS<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n (Unaudited; Dollars in thousands)<\/i><\/p>\n<\/td>\n<\/tr>\n
\n <\/tr>\n \n \n \n \n \nFiscal Years Ending\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \nFebruary 1, 2025\n<\/p>\n<\/td>\n
\n \n \nFebruary 3, 2024\n<\/p>\n<\/td>\n<\/tr>\n
\n Assets<\/b><\/td>\n \n \n \n <\/tr>\n \n Current assets:<\/td>\n \n \n \n <\/tr>\n \n Cash and cash equivalents<\/td>\n \n \n \n$\n<\/p>\n<\/td>\n
\n \n308,962\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n354,094\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Short-term investments<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n50,000\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n100,000\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Merchandise inventory<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n636,655\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n640,662\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Accounts receivable, net<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n262,365\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n247,934\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Prepaid expenses<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n76,088\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n65,082\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Other current assets<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n20,161\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n25,578\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Total current assets<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n1,354,231\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n1,433,350\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Operating lease right-of-use assets<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n1,295,400\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n1,005,293\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Property and equipment, at cost, net of accumulated depreciation<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n751,264\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n713,336\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Goodwill, net<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n225,079\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n225,303\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Non-current deferred income taxes<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n68,158\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n82,064\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Intangible assets, net<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n42,449\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n46,109\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Other assets<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n94,194\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n52,454\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Total assets<\/td>\n \n \n \n$\n<\/p>\n<\/td>\n
\n \n3,830,775\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n3,557,909\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Liabilities and Stockholders\u2019 Equity<\/b><\/td>\n \n \n \n <\/tr>\n \n Current liabilities:<\/td>\n \n \n \n <\/tr>\n \n Accounts payable<\/td>\n \n \n \n$\n<\/p>\n<\/td>\n
\n \n280,712\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n268,308\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Current portion of operating lease liabilities<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n313,034\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n284,508\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Accrued compensation and payroll taxes<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n113,388\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n152,353\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Unredeemed gift cards and gift certificates<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n70,094\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n66,285\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Accrued income and other taxes<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n30,677\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n46,114\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Other current liabilities and accrued expenses<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n74,751\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n73,604\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Total current liabilities<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n882,656\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n891,172\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Non-current liabilities:<\/td>\n \n \n \n <\/tr>\n \n Non-current operating lease liabilities<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n1,133,296\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n901,122\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Other non-current liabilities<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n47,963\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n28,856\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Total non-current liabilities<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n1,181,259\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n929,978\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Commitments and contingencies<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u2014\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u2014\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Stockholders\u2019 equity:<\/td>\n \n \n \n <\/tr>\n \n Preferred stock<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u2014\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u2014\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Common stock<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n2,496\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n2,496\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Contributed capital<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n365,845\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n360,378\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Accumulated other comprehensive loss<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n(56,390\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n(16,410\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n<\/tr>\n
\n Retained earnings<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n2,456,063\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n2,214,159\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Treasury stock<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n(1,001,154\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n(823,864\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n<\/tr>\n
\n Total stockholders\u2019 equity<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n1,766,860\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n1,736,759\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Total liabilities and stockholders\u2019 equity<\/td>\n \n \n \n$\n<\/p>\n<\/td>\n
\n \n3,830,775\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n3,557,909\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Current Ratio<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n1.53\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n1.61\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\n
\n <\/tr>\n \n \u00a0<\/td>\n<\/tr>\n \n <\/tr>\n \n \u00a0<\/td>\n<\/tr>\n \n \n AMERICAN EAGLE OUTFITTERS, INC.<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n CONSOLIDATED STATEMENTS OF OPERATIONS<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n (Unaudited; Dollars and shares in thousands, except per share amounts)<\/i><\/p>\n<\/td>\n<\/tr>\n
\n <\/tr>\n \n \n \n \n \nGAAP Basis\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \nFourth Quarter Ended\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \nFebruary 1, 2025\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \nFebruary 3, 2024\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n (In thousands)<\/i><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n (Percentage of<\/i><\/p>\n
revenue)<\/i><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n (In thousands)<\/i><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n (Percentage of<\/i><\/p>\n
revenue)<\/i><\/p>\n<\/td>\n<\/tr>\n
\n Total net revenue<\/td>\n \n \n \n$\n<\/p>\n<\/td>\n
\n \n1,604,633\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n100.0\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n1,678,910\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n100.0\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n<\/tr>\n
\n Cost of sales, including certain buying, occupancy and warehouse expenses<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n1,005,458\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n62.7\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n1,064,324\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n63.4\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Gross profit<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n599,175\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n37.3\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n614,586\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n36.6\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Selling, general and administrative expenses<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n401,628\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n25.0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n427,090\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n25.4\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Impairment, restructuring and other charges<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n–\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n0.0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n120,420\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n7.1\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Depreciation and amortization expense<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n55,277\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n3.4\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n57,840\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n3.5\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Operating income<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n142,470\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n8.9\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n9,236\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n0.6\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Interest (income), net<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n(2,355\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n
\n \n \n(0.1\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n(4,961\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n
\n \n \n(0.3\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n<\/tr>\n
\n Other (income), net<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n(3,154\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n
\n \n \n(0.2\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n(1,505\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n
\n \n \n(0.1\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n<\/tr>\n
\n Income before income taxes<\/td>\n \n \n \n$\n<\/p>\n<\/td>\n
\n \n147,779\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n9.2\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n15,702\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n1.0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Provision for income taxes<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n43,433\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n2.7\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n9,386\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n0.6\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Net income<\/td>\n \n \n \n$\n<\/p>\n<\/td>\n
\n \n104,346\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n6.5\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n6,316\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n0.4\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Net income per basic share<\/td>\n \n \n \n$\n<\/p>\n<\/td>\n
\n \n0.55\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n \n \n$\n<\/p>\n<\/td>\n
\n \n0.03\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n <\/tr>\n \n Net income per diluted share<\/td>\n \n \n \n$\n<\/p>\n<\/td>\n
\n \n0.54\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n \n \n$\n<\/p>\n<\/td>\n
\n \n0.03\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Weighted average common shares outstanding – basic<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n190,497\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n197,524\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n <\/tr>\n \n Weighted average common shares outstanding – diluted<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n193,496\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n199,589\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n <\/tr>\n<\/table>\n \n
\n <\/tr>\n \n \u00a0<\/td>\n<\/tr>\n \n <\/tr>\n \n \u00a0<\/td>\n<\/tr>\n \n \n AMERICAN EAGLE OUTFITTERS, INC.<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n CONSOLIDATED STATEMENTS OF OPERATIONS<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n (Unaudited; Dollars and shares in thousands, except per share amounts)<\/i><\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \nGAAP Basis\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \nFiscal Year Ended\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \nFebruary 1, 2025\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \nFebruary 3, 2024\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n (In thousands)<\/i><\/p>\n<\/td>\n
\n \n (Percentage of<\/i><\/p>\n
revenue)<\/i><\/p>\n<\/td>\n
\n \n (In thousands)<\/i><\/p>\n<\/td>\n
\n \n (Percentage of<\/i><\/p>\n
revenue)<\/i><\/p>\n<\/td>\n<\/tr>\n
\n Total net revenue<\/td>\n \n \n \n$\n<\/p>\n<\/td>\n
\n \n5,328,652\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n100.0\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n5,261,770\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n100.0\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n<\/tr>\n
\n Cost of sales, including certain buying, occupancy and warehouse expenses<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n3,239,719\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n60.8\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n3,237,192\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n61.5\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Gross profit<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n2,088,933\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n39.2\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n2,024,578\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n38.5\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Selling, general and administrative expenses<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n1,431,814\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n26.9\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n1,433,300\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n27.2\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Impairment, restructuring, and other charges<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n17,561\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n0.3\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n141,695\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n2.7\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Depreciation and amortization expense<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n212,255\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n4.0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n226,866\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n4.4\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Operating income<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n427,303\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n8.0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n222,717\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n4.2\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Interest (income), net<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n(7,769\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n
\n \n \n(0.1\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n(6,190\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n
\n \n \n(0.1\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n<\/tr>\n
\n Other (income), net<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n(7,162\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n
\n \n \n(0.1\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n(10,951\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n
\n \n \n(0.2\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n<\/tr>\n
\n Income before income taxes<\/td>\n \n \n \n$\n<\/p>\n<\/td>\n
\n \n442,234\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n8.2\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n239,858\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n4.5\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Provision for income taxes<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n112,854\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n2.0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n69,820\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n1.3\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Net income<\/td>\n \n \n \n$\n<\/p>\n<\/td>\n
\n \n329,380\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n6.2\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n170,038\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n3.2\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Net income per basic share<\/td>\n \n \n \n$\n<\/p>\n<\/td>\n
\n \n1.71\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n \n \n$\n<\/p>\n<\/td>\n
\n \n0.87\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n <\/tr>\n \n Net income per diluted share<\/td>\n \n \n \n$\n<\/p>\n<\/td>\n
\n \n1.68\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n \n \n$\n<\/p>\n<\/td>\n
\n \n0.86\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Weighted average common shares outstanding – basic<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n193,056\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n195,646\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n <\/tr>\n \n Weighted average common shares outstanding – diluted<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n196,412\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n196,863\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n <\/tr>\n<\/table>\n \n
\n <\/tr>\n \n \u00a0<\/td>\n<\/tr>\n \n <\/tr>\n \n \u00a0<\/td>\n<\/tr>\n \n AMERICAN EAGLE OUTFITTERS, INC.<\/b><\/td>\n<\/tr>\n \n NET REVENUE BY SEGMENT<\/b><\/td>\n<\/tr>\n \n (Unaudited; Dollars in thousands)<\/i><\/td>\n<\/tr>\n \n <\/tr>\n \n \n Fourth Quarter Ended<\/td>\n \n Fiscal Year Ended<\/td>\n<\/tr>\n \n \n February 1, 2025<\/td>\n \n February 3, 2024<\/td>\n \n February 1, 2025<\/td>\n \n February 3, 2024<\/td>\n<\/tr>\n \n Net Revenue:<\/td>\n \n \n \n \n \n \n <\/tr>\n \n American Eagle<\/td>\n \n \n$\n<\/p>\n<\/td>\n
\n \n1,000,935\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n1,066,092\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n3,385,231\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n3,361,579\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Aerie<\/td>\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n539,673\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n537,462\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n1,738,414\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n1,670,000\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Other<\/td>\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n74,906\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n159,576\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n243,907\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n489,056\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Intersegment Elimination<\/td>\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n(10,881\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n(84,220\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n(38,900\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n(258,865\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n<\/tr>\n
\n Total Net Revenue<\/td>\n \n \n$\n<\/p>\n<\/td>\n
\n \n1,604,633\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n1,678,910\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n5,328,652\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n5,261,770\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\n
\n <\/tr>\n \n \u00a0<\/td>\n<\/tr>\n \n <\/tr>\n \n \u00a0<\/td>\n<\/tr>\n \n \n AMERICAN EAGLE OUTFITTERS, INC.<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n STORE INFORMATION<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n (Unaudited)<\/i><\/p>\n<\/td>\n<\/tr>\n
\n <\/tr>\n \n \n \n \nFourth Quarter Ended\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \nFiscal Year Ended\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \nFebruary 1, 2025\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \nFebruary 1, 2025\n<\/p>\n<\/td>\n<\/tr>\n
\n Consolidated stores at beginning of period<\/td>\n \n \n1,186\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n1,182\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Consolidated stores opened during the period<\/td>\n \n \n <\/tr>\n \n AE Brand (1)<\/sup><\/td>\n \n \n8\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n22\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Aerie (incl. OFFL\/NE) (2)<\/sup><\/td>\n \n \n5\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n22\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Todd Snyder<\/td>\n \n \n\u2014\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n4\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Unsubscribed<\/td>\n \n \n1\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n1\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Consolidated stores closed during the period<\/td>\n \n \n <\/tr>\n \n AE Brand (1) (3)<\/sup><\/td>\n \n \n(25\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n
\n \n \n(45\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n<\/tr>\n
\n Aerie (incl. OFFL\/NE) (2)<\/sup><\/td>\n \n \n(3\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n
\n \n \n(13\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n<\/tr>\n
\n Todd Snyder<\/td>\n \n \n\u2014\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n(1\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n<\/tr>\n
\n Total consolidated stores at end of period<\/td>\n \n 1,172<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n 1,172<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Stores by Brand<\/td>\n \n \n <\/tr>\n \n AE Brand (1)<\/sup><\/td>\n \n \n829\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n <\/tr>\n \n Aerie (incl. OFFL\/NE) (2)<\/sup><\/td>\n \n \n318\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n <\/tr>\n \n Todd Snyder<\/td>\n \n \n19\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n <\/tr>\n \n Unsubscribed<\/td>\n \n \n6\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n <\/tr>\n \n Total consolidated stores at end of period<\/td>\n \n 1,172<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n <\/tr>\n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Total gross square footage at end of period (in ‘000)<\/td>\n \n \n7,215\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n7,215\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \u00a0<\/td>\n<\/tr>\n \n International license locations at end of period (3)<\/sup>(4)<\/sup><\/td>\n \n \n371\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n371\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \u00a0<\/td>\n<\/tr>\n \n (1)<\/sup> AE Brand includes AE stand alone locations, AE\/Aerie side-by side locations, AE\/OFFL\/NE side-by-side locations, and AE\/Aerie\/OFFL\/NE side-by-side locations.<\/td>\n<\/tr>\n \n (2)<\/sup> Aerie (incl. OFFL\/NE) includes Aerie stand alone locations, OFFL\/NE stand alone locations, and Aerie\/OFFL\/NE side-by-side locations.<\/td>\n<\/tr>\n \n (3)<\/sup> Includes 13 AE locations in Hong Kong converted to licensed retail stores in the fourth quarter of 2024.<\/td>\n<\/tr>\n \n (4)<\/sup> International license locations (retail stores and concessions) are not included in the consolidated store data or the total gross square footage calculation.<\/td>\n<\/tr>\n<\/table>\n \n
\n <\/tr>\n \n \u00a0<\/td>\n<\/tr>\n \n <\/tr>\n \n \u00a0<\/td>\n<\/tr>\n \n \n AMERICAN EAGLE OUTFITTERS, INC.<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n GAAP to Non-GAAP Reconciliation<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n (Dollars in thousands, except per share amounts)<\/i><\/p>\n<\/td>\n<\/tr>\n
\n <\/tr>\n \n \n \n \n \nFiscal Year Ended\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \nFebruary 1, 2025\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n Operating<\/b><\/p>\n
Income<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n Income Tax<\/b><\/p>\n
Expense<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n Effective Tax<\/b><\/p>\n
Rate<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n Net Income<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n Earnings per<\/b><\/p>\n
Diluted Share<\/b><\/p>\n<\/td>\n<\/tr>\n
\n GAAP Basis<\/td>\n \n \n \n$\n<\/p>\n<\/td>\n
\n \n427,303\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n112,854\n<\/p>\n<\/td>\n
\n \n \n25.5\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n329,380\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n1.68\n<\/p>\n<\/td>\n<\/tr>\n
\n % of Revenue<\/i><\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n8.0\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n
\n \n \n \n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n6.2\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n
\n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Add: Impairment, restructuring and other charges<\/td>\n \n \n \n$\n<\/p>\n<\/td>\n
\n \n17,561\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n \n \n \n \n$\n<\/p>\n<\/td>\n
\n \n12,983\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n0.06\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Tax effect of the above<\/td>\n \n \n \n \n \n$\n<\/p>\n<\/td>\n
\n \n4,577\n<\/p>\n<\/td>\n
\n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Non-GAAP Basis<\/td>\n \n \n \n$\n<\/p>\n<\/td>\n
\n \n444,864\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n117,431\n<\/p>\n<\/td>\n
\n \n \n25.5\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n342,363\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n1.74\n<\/p>\n<\/td>\n<\/tr>\n
\n % of Revenue<\/i><\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n8.3\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n
\n \n \n \n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n6.4\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n
\n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n The Fiscal 2024 adjustments relate to restructuring costs related to employee severance, as well as impairment and restructuring costs related to the sale of the Company’s Hong Kong retail operations to a third party buyer. Please refer to Note 14. \u201cImpairment, Restructuring and Other Charges,\u201d to the Consolidated Financial Statements included in the Company’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on December 12, 2024 for further information on the nature of these amounts.<\/td>\n<\/tr>\n<\/table>\n \n
\n <\/tr>\n \n \u00a0<\/td>\n<\/tr>\n \n <\/tr>\n \n \u00a0<\/td>\n<\/tr>\n \n \n AMERICAN EAGLE OUTFITTERS, INC.<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n GAAP to Non-GAAP Reconciliation<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n (Dollars in thousands, except per share amounts)<\/i><\/p>\n<\/td>\n<\/tr>\n
\n <\/tr>\n \n \n \n \nFourth Quarter Ended\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \nFebruary 3, 2024\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n Gross<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n Operating<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n Income Tax<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n Effective<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n Net<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n Earnings per<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n Profit<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n Income<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n Expense<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n Tax Rate<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n Income<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n Diluted Share<\/b><\/p>\n<\/td>\n<\/tr>\n
\n GAAP Basis<\/td>\n \n \n$\n<\/p>\n<\/td>\n
\n \n614,586\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n9,236\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n9,386\n<\/p>\n<\/td>\n
\n \n \n59.8\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n6,316\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n0.03\n<\/p>\n<\/td>\n<\/tr>\n
\n % of Revenue<\/i><\/td>\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n36.6\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n0.6\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n
\n \n \n \n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n0.4\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n
\n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Add: Impairment, Restructuring and Other Charges<\/td>\n \n \n$\n<\/p>\n<\/td>\n
\n \n10,950\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n131,370\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n \n \n \n \n$\n<\/p>\n<\/td>\n
\n \n115,081\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n0.58\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Tax effect of the above<\/td>\n \n \n \n \n \n \n$\n<\/p>\n<\/td>\n
\n \n16,289\n<\/p>\n<\/td>\n
\n \n \n(34.7\n<\/p>\n<\/td>\n
\n \n)%\n<\/p>\n<\/td>\n
\n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Non-GAAP Basis<\/td>\n \n \n$\n<\/p>\n<\/td>\n
\n \n625,536\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n140,606\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n25,675\n<\/p>\n<\/td>\n
\n \n \n17.5\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n121,397\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n0.61\n<\/p>\n<\/td>\n<\/tr>\n
\n % of Revenue<\/i><\/td>\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n37.3\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n8.4\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n
\n \n \n \n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n7.2\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n
\n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n The Fiscal 2023 adjustments relate to certain inventory provisions, asset impairments, restructuring and other charges recognized in relation to Quiet Platforms, as well as the company\u2019s international and corporate operations. Please refer to Note 16. \u201cImpairment, Restructuring and Other Charges,\u201d to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 15, 2024 for further information on the nature of these amounts.<\/td>\n<\/tr>\n<\/table>\n \n
\n <\/tr>\n \n \u00a0<\/td>\n<\/tr>\n \n <\/tr>\n \n \u00a0<\/td>\n<\/tr>\n \n \n AMERICAN EAGLE OUTFITTERS, INC.<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n GAAP to Non-GAAP Reconciliation<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n (Dollars in thousands, except per share amounts)<\/i><\/p>\n<\/td>\n<\/tr>\n
\n <\/tr>\n \n \n \n \nFiscal Year Ended\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \nFebruary 3, 2024\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n Gross<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n Operating<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n Income Tax<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n Effective<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n Net<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n Earnings per<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n Profit<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n Income<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n Expense<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n Tax Rate<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n Income<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n Diluted Share<\/b><\/p>\n<\/td>\n<\/tr>\n
\n GAAP Basis<\/td>\n \n \n$\n<\/p>\n<\/td>\n
\n \n2,024,578\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n222,717\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n69,820\n<\/p>\n<\/td>\n
\n \n \n29.1\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n170,038\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n0.86\n<\/p>\n<\/td>\n<\/tr>\n
\n % of Revenue<\/i><\/td>\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n38.5\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n4.2\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n
\n \n \n \n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n3.2\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n
\n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Add: Impairment, Restructuring and Other Charges<\/td>\n \n \n$\n<\/p>\n<\/td>\n
\n \n10,950\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n152,645\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n \n \n \n \n$\n<\/p>\n<\/td>\n
\n \n129,875\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n0.66\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Tax effect of the above<\/td>\n \n \n \n \n \n \n$\n<\/p>\n<\/td>\n
\n \n22,770\n<\/p>\n<\/td>\n
\n \n \n(5.3\n<\/p>\n<\/td>\n
\n \n)%\n<\/p>\n<\/td>\n
\n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Non-GAAP Basis<\/td>\n \n \n$\n<\/p>\n<\/td>\n
\n \n2,035,528\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n375,362\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n92,590\n<\/p>\n<\/td>\n
\n \n \n23.6\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n299,913\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n1.52\n<\/p>\n<\/td>\n<\/tr>\n
\n % of Revenue<\/i><\/td>\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n38.7\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n7.1\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n
\n \n \n \n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n5.7\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n
\n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n The Fiscal 2023 adjustments relate to certain inventory provisions, asset impairments, restructuring and other charges recognized in relation to Quiet Platforms, as well as the company\u2019s international and corporate operations. Please refer to Note 16. \u201cImpairment, Restructuring and Other Charges,\u201d to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 15, 2024 for further information on the nature of these amounts.<\/td>\n<\/tr>\n<\/table>\n \n\u00a0\n<\/p>\n
<\/p>\n
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- GAAP operating income of $427 million. Adjusted operating income up 19% to $445 million<\/i><\/li>\n<\/ul>\n
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<\/td>\n<\/tr>\n