- \n
- Record first quarter revenue of $1.2 billion, increasing 10% to last year<\/i><\/b><\/li>\n
- Aerie achieved record first quarter revenue with comps up 25%; surpasses $2 billion in revenue on a trailing 12 month basis<\/i><\/b><\/li>\n
- Operating profit of $28 million exceeded first quarter guidance<\/i><\/b><\/li>\n
- Reiterates fiscal 2026 operating income guidance of $390 to $410 million<\/i><\/b><\/li>\n<\/ul>\n
PITTSBURGH–(BUSINESS WIRE<\/a>)–
\nAmerican Eagle Outfitters, Inc. (NYSE: AEO) today announced financial results for the first quarter ended May 2, 2026.<\/p>\n\n\u201cWe entered 2026 with strong momentum, delivering double-digit top-line growth and operating income ahead of guidance. This quarter reflected the strength of our portfolio and the power of Aerie. Driven by compelling product assortments and a deep emotional connection with customers, the brand achieved exceptional multi-channel growth and profitability, further amplified by the continued relevance of the ‘100% Aerie REAL’ campaign. While results at American Eagle were mixed, our teams are moving decisively to reignite the women\u2019s business and strengthen product execution and brand positioning,\u201d commented Jay Schottenstein, Executive Chairman of the Board and Chief Executive Officer – AEO Inc.<\/p>\n
\n\u201cLooking ahead,\u2004\u200bour priorities are\u2004\u200bclear.\u2004\u200bDespite continued\u2004\u200bconsumer\u2004\u200band macroeconomic\u2004\u200buncertainty, we\u2004\u200bremain confident\u2004\u200bin our ability to navigate near-term\u2004\u200bheadwinds. We are\u2004\u200bfocused on\u2004\u200boperational excellence and disciplined\u2004\u200bexecution to drive long-term\u2004\u200bvalue\u2004\u200bfor\u2004\u200bAEO\u2004\u200band our shareholders,\u201d he concluded.<\/p>\n
First Quarter 2026 Results:<\/b><\/p>\n
- \n
- \nTotal net revenue of $1.2 billion increased 10% to last year. Total comparable sales increased 8%.<\/p>\n<\/li>\n
- \nAerie comparable sales grew 25%. American Eagle comparable sales decreased 2%.<\/p>\n<\/li>\n
- \nGross profit of $456 million rose 41% from $322 million last year. The gross margin of 38.2% increased 860 basis points to last year.<\/p>\n
- \n
- \nMerchandise margins improved 710 basis points, driven primarily by last year\u2019s $75 million inventory writedown.<\/p>\n<\/li>\n
- \nBuying, Occupancy and Warehousing (BOW) expenses leveraged 150 basis points due to the increase in sales and continued cost optimization initiatives.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n
- \nSelling, general and administrative (SG&A) expenses of $376 million increased 11% and 40 basis points to a rate of 31.5%. The increase was driven by planned investments in advertising, partially offset by leverage in the balance of the expense base.<\/p>\n<\/li>\n
- \nOperating profit was $28 million compared to operating loss of $(85) million, or $(68) million on an adjusted basis, last year. Operating margin of 2.4% compared to (7.8)%, or adjusted operating margin of (6.2)%, last year.<\/p>\n<\/li>\n
- \nOther income of $7 million included a $6 million gain on equity method investments.<\/p>\n<\/li>\n
- \nInterest expense of $8 million increased due to an agreement related to the sale of certain tariff refund claims.<\/p>\n<\/li>\n
- \nGAAP diluted earnings per share of $0.14 compared to $(0.36) last year and adjusted diluted earnings per share of $0.14 compared to $(0.29) last year. Average diluted shares outstanding were 172 million.<\/p>\n<\/li>\n<\/ul>\n
Inventory<\/b><\/p>\n
\nTotal ending inventory increased 27% to $817 million with units up 5%. The increase in cost reflects the impact of tariffs this year and the comparison to last year\u2019s inventory write-down.<\/p>\n
Shareholder Returns<\/b><\/p>\n
\nDuring the first quarter, the company repurchased 3 million shares for $53 million. Additionally, the company returned $21 million to shareholders via its quarterly cash dividend of $0.125 per share.<\/p>\n
Capital Expenditures<\/b><\/p>\n
\nCapital expenditures totaled $61 million in the first quarter. The company expects 2026 capital expenditures to be in the range of $250 to 260 million.<\/p>\n
Outlook<\/b><\/p>\n
\n*All guidance is based on estimates and includes a tariff rate of 10% for second quarter receipts and 15% for the back-half of the fiscal year. Guidance excludes any impact from International Emergency Economic Powers Act (IEEPA) tariff refunds.<\/p>\n
\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n Second Quarter 2026 Outlook<\/b><\/p>\n<\/td>\n
\n Fiscal Year 2026 Outlook<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n Comparable Sales<\/b><\/p>\n<\/td>\n
\n \n+Mid-to-High Single Digit<\/p>\n<\/td>\n
\n \n+Mid Single Digit<\/p>\n<\/td>\n<\/tr>\n
\n \n Gross Margin<\/b><\/p>\n<\/td>\n
\n \nDown YoY<\/p>\n<\/td>\n
\n \nUp YoY<\/p>\n<\/td>\n<\/tr>\n
\n \n SG&A<\/b><\/p>\n<\/td>\n
\n \n+Mid Teens<\/p>\n<\/td>\n
\n \n+HSD<\/p>\n<\/td>\n<\/tr>\n
\n \n Depreciation and Amortization<\/b><\/p>\n<\/td>\n
\n \nMid $50 millions<\/p>\n<\/td>\n
\n \nApproximately $220 M<\/p>\n<\/td>\n<\/tr>\n
\n \n Operating Income<\/b><\/p>\n<\/td>\n
\n \n$45M to $50 M<\/p>\n<\/td>\n
\n \n$390 to $410 M<\/p>\n<\/td>\n<\/tr>\n
\n \n Weighted Average Share Count<\/b><\/p>\n<\/td>\n
\n \nLow 170 millions<\/p>\n<\/td>\n
\n \nLow 170 millions<\/p>\n
\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
Webcast and Supplemental Financial Information<\/b><\/p>\n
\nManagement will host a conference call today at 4:30 p.m. Eastern Time. To access the live webcast and audio replay, please click here<\/a>.<\/a> Additionally, a financial results presentation is posted in the Investor Relations section on AEO\u2019s website, www.aeo-inc.com<\/a>.<\/p>\n
About American Eagle Outfitters, Inc.<\/b><\/p>\n
\nAmerican Eagle Outfitters, Inc. (NYSE: AEO) is a leading global specialty retailer with a portfolio of beloved apparel brands including American Eagle, Aerie, OFFL\/NE by Aerie, Todd Snyder and Unsubscribed. Rooted in optimism, inclusivity and authenticity, AEO\u2019s brands empower every customer to celebrate their unique personal style by offering casual, comfortable, timeless outfitting and high-quality products that are made to last.<\/p>\n
\n
\n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n AMERICAN EAGLE OUTFITTERS, INC.<\/b><\/td>\n<\/tr>\n \n CONSOLIDATED STATEMENTS OF OPERATIONS<\/b><\/td>\n<\/tr>\n \n (Unaudited; Dollars and shares in thousands, except per share amounts)<\/i><\/td>\n<\/tr>\n \n \n \n 13 weeks ended<\/td>\n \n <\/tr>\n \n \n \n May 2, 2026<\/td>\n \n May 3, 2025<\/td>\n \n <\/tr>\n \n \n \n (In thousands)<\/i><\/td>\n \n (Percentage of revenue)<\/i><\/td>\n \n (In thousands)<\/i><\/td>\n \n (Percentage of revenue)<\/i><\/td>\n \n <\/tr>\n \n Total net revenue<\/td>\n \n \n \n$<\/p>\n<\/td>\n
\n \n1,195,285<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n100.0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n1,089,599<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n100.0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\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<\/p>\n<\/td>\n
\n \n739,113<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n61.8<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n767,178<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n70.4<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Gross profit<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n456,172<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n38.2<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n322,421<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n29.6<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Selling, general and administrative expenses<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n376,492<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n31.5<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n338,786<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n31.1<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Impairment and restructuring charges<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n–<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n–<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n17,119<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n1.6<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Depreciation and amortization expense<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n51,454<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n4.3<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n51,697<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n4.7<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Operating income (loss)<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n28,226<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n2.4<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(85,181<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n \n \n(7.8<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n <\/tr>\n \n Interest expense (income), net<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n7,853<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n0.7<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(219<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n \n \n0.0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Other (income) expense, net<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(7,222<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n \n \n(0.6<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n168<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n0.0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Income (loss) before income taxes<\/td>\n \n \n \n$<\/p>\n<\/td>\n
\n \n27,595<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n2.3<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n(85,130<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n \n \n(7.8<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n <\/tr>\n \n Provision (Benefit) for income taxes<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n4,658<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n0.4<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(19,712<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n \n \n(1.8<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n <\/tr>\n \n Net income (loss)<\/td>\n \n \n \n$<\/p>\n<\/td>\n
\n \n22,937<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n1.9<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n(65,418<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n \n \n(6.0<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n <\/tr>\n \n Net loss attributable to non-controlling interests<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n588<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n0.1<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n519<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n0.0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Net income (loss) attributable to AEO<\/td>\n \n \n \n$<\/p>\n<\/td>\n
\n \n23,525<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n2.0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n(64,899<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n \n \n(6.0<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Basic net income (loss) per common share attributable to AEO<\/td>\n \n \n \n$<\/p>\n<\/td>\n
\n \n0.14<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n$<\/p>\n<\/td>\n
\n \n(0.36<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n \n \n <\/tr>\n \n Diluted net income (loss) per common share attributable to AEO<\/td>\n \n \n \n$<\/p>\n<\/td>\n
\n \n0.14<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n$<\/p>\n<\/td>\n
\n \n(0.36<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Weighted average common shares outstanding – basic<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n167,835<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n179,548<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n <\/tr>\n \n Weighted average common shares outstanding – diluted<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n172,342<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n179,548<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n <\/tr>\n<\/table>\n \n
\n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n AMERICAN EAGLE OUTFITTERS, INC.<\/b><\/td>\n<\/tr>\n \n CONSOLIDATED BALANCE SHEETS<\/b><\/td>\n<\/tr>\n \n (Unaudited)<\/i><\/td>\n<\/tr>\n \n (In thousands)<\/i><\/td>\n \n May 2, 2026<\/td>\n \n May 3, 2025<\/td>\n<\/tr>\n \n Assets<\/b><\/td>\n \n \n \n <\/tr>\n \n Current assets:<\/td>\n \n \n \n <\/tr>\n \n Cash and cash equivalents<\/td>\n \n \n \n$<\/p>\n<\/td>\n
\n \n103,286<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n87,853<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n Merchandise inventory<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n816,666<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n645,062<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n Accounts receivable, net<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n200,781<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n228,561<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n Prepaid expenses<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n94,383<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n103,466<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n Other current assets<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n23,477<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n23,082<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n Total current assets<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n1,238,593<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n1,088,024<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n Operating lease right-of-use assets<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n1,580,670<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n1,471,705<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n Property and equipment, at cost, net of accumulated depreciation<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n794,943<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n765,594<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n Goodwill, net<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n225,275<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n225,225<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n Non-current deferred income taxes<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n88,068<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n78,483<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n Intangible assets, net<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n36,855<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n41,549<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n Other assets<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n116,466<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n96,774<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n Total assets<\/td>\n \n \n \n$<\/p>\n<\/td>\n
\n \n4,080,870<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n3,767,354<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n Liabilities and Stockholders\u2019 Equity<\/b><\/td>\n \n \n \n <\/tr>\n \n Current liabilities:<\/td>\n \n \n \n <\/tr>\n \n Accounts payable<\/td>\n \n \n \n$<\/p>\n<\/td>\n
\n \n203,813<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n247,994<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n Current portion of operating lease liabilities<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n310,586<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n319,626<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n Accrued compensation and payroll taxes<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n67,810<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n58,380<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n Unredeemed gift cards and gift certificates<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n67,408<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n63,282<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n Accrued income and other taxes<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n44,089<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n23,114<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n Other current liabilities and accrued expenses<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n107,920<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n75,261<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n Total current liabilities<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n801,626<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n787,657<\/p>\n<\/td>\n
\n \n\u00a0<\/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<\/p>\n<\/td>\n
\n \n1,479,103<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n1,337,489<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n Long-term debt, net<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n85,000<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n110,000<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n Other non-current liabilities<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n71,597<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n57,992<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n Total non-current liabilities<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n1,635,700<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n1,505,481<\/p>\n<\/td>\n
\n \n\u00a0<\/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<\/p>\n<\/td>\n
\n \n\u2014<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u2014<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n Common stock<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n2,496<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n2,496<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n Contributed capital<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n354,723<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n362,342<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n Accumulated other comprehensive loss<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(15,221<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(42,105<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n<\/tr>\n
\n Retained earnings<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n2,565,906<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n2,361,273<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n Treasury stock<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(1,263,237<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(1,212,774<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n<\/tr>\n
\n Total AEO stockholders’ equity<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n1,644,667<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n1,471,232<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n Non-controlling interests<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(1,123<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n2,984<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n Total stockholders\u2019 equity<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n1,643,544<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n1,474,216<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n Total liabilities and stockholders\u2019 equity<\/td>\n \n \n \n$<\/p>\n<\/td>\n
\n \n4,080,870<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n3,767,354<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Current Ratio<\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n1.55<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n1.38<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\n
\n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n AMERICAN EAGLE OUTFITTERS, INC.<\/b><\/td>\n<\/tr>\n \n GAAP to Non-GAAP Reconciliation<\/b><\/td>\n<\/tr>\n \n (Dollars in thousands, except per share amounts)<\/i><\/td>\n<\/tr>\n \n (Unaudited)<\/i><\/td>\n<\/tr>\n \n \n \n 13 Weeks Ended<\/td>\n<\/tr>\n \n \n \n May 3, 2025<\/td>\n<\/tr>\n \n \n \n Operating Loss<\/b><\/td>\n \n Income Tax Benefit<\/b><\/td>\n \n Effective Tax Rate<\/b><\/td>\n \n Net Loss Attributable to AEO<\/b><\/td>\n \n Earnings per Diluted Share<\/b><\/td>\n<\/tr>\n \n GAAP Basis<\/td>\n \n \n \n$<\/p>\n<\/td>\n
\n \n(85,181<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n(19,712<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n \n \n23.2<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n(64,899<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n(0.36<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n<\/tr>\n
\n % of Revenue<\/i><\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(7.8%<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n \n \n \n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(6.0%<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Add: Impairment and restructuring charges (1)<\/sup><\/td>\n \n \n \n$<\/p>\n<\/td>\n
\n \n17,119<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n \n \n$<\/p>\n<\/td>\n
\n \n13,131<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n0.07<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Tax effect of the above (2)<\/sup><\/td>\n \n \n \n \n \n$<\/p>\n<\/td>\n
\n \n3,988<\/p>\n<\/td>\n
\n \n\u00a0<\/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$<\/p>\n<\/td>\n
\n \n(68,062<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n(15,724<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n \n \n23.1<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n(51,768<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n(0.29<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n<\/tr>\n
\n % of Revenue<\/i><\/td>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(6.2%<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n \n \n \n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(4.8%<\/p>\n<\/td>\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 \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n (1) <\/sup>The Company recorded $15.3 million of asset impairment charges primarily related to closing two fulfillment centers as part of its supply chain network optimization project. Of this amount, $10.4 million of charges relate to ROU assets and $4.9 million relates to property and equipment. The Company also recorded $1.8 million of employee severance, primarily related to closing two fulfillment centers.<\/td>\n<\/tr>\n \n (2) <\/sup>The tax effect of excluded items is the difference between the tax provision calculated on a GAAP basis and on a non-GAAP basis.<\/td>\n<\/tr>\n<\/table>\n \n
\n \n \n \n \u00a0<\/td>\n<\/tr>\n \n AMERICAN EAGLE OUTFITTERS, INC.<\/b><\/td>\n<\/tr>\n \n NET REVENUE BY SEGMENT<\/b><\/td>\n<\/tr>\n \n (Unaudited; Dollars in thousands)<\/i><\/td>\n<\/tr>\n \n \n 13 weeks ended<\/td>\n<\/tr>\n \n \n May 2, 2026<\/td>\n \n May 3, 2025<\/td>\n<\/tr>\n \n Net Revenue:<\/td>\n \n \n <\/tr>\n \n American Eagle<\/td>\n \n \n$<\/p>\n<\/td>\n
\n \n678,476<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n693,865<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n Aerie<\/td>\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n480,826<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n359,788<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n Other<\/td>\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n35,983<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n43,970<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n Intersegment Elimination<\/td>\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n–<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(8,024<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n<\/tr>\n
\n Total Net Revenue<\/td>\n \n \n$<\/p>\n<\/td>\n
\n \n1,195,285<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n1,089,599<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\n
\n \n \u00a0<\/td>\n<\/tr>\n \n AMERICAN EAGLE OUTFITTERS, INC.<\/b><\/td>\n<\/tr>\n \n STORE INFORMATION<\/b><\/td>\n<\/tr>\n \n (Unaudited)<\/i><\/td>\n<\/tr>\n \n \n 13 weeks ended<\/td>\n<\/tr>\n \n \n May 2, 2026<\/td>\n<\/tr>\n \n Consolidated stores at beginning of period<\/td>\n \n \n1,168<\/p>\n<\/td>\n<\/tr>\n
\n Consolidated stores opened during the period<\/td>\n <\/tr>\n \n AE Brand (1)<\/sup><\/td>\n \n \n3<\/p>\n<\/td>\n<\/tr>\n
\n Aerie (incl. OFFL\/NE) (2)<\/sup><\/td>\n \n \n3<\/p>\n<\/td>\n<\/tr>\n
\n Consolidated stores closed during the period<\/td>\n <\/tr>\n \n AE Brand (1)<\/sup><\/td>\n \n \n(4)<\/p>\n<\/td>\n<\/tr>\n
\n Total consolidated stores at end of period<\/td>\n \n 1,170<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \u00a0<\/td>\n<\/tr>\n \n Stores by Brand<\/td>\n <\/tr>\n \n AE Brand (1)<\/sup><\/td>\n \n \n804<\/p>\n<\/td>\n<\/tr>\n
\n Aerie (incl. OFFL\/NE) (2)<\/sup><\/td>\n \n \n335<\/p>\n<\/td>\n<\/tr>\n
\n Todd Snyder<\/td>\n \n \n23<\/p>\n<\/td>\n<\/tr>\n
\n Unsubscribed<\/td>\n \n \n8<\/p>\n<\/td>\n<\/tr>\n
\n Total consolidated stores at end of period<\/td>\n \n 1,170<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \u00a0<\/td>\n<\/tr>\n \n Total gross square footage at end of period (in ‘000)<\/td>\n \n \n7,220<\/p>\n<\/td>\n<\/tr>\n
\n \n \u00a0<\/td>\n<\/tr>\n \n International license locations at end of period (3)<\/sup><\/td>\n \n \n357<\/p>\n<\/td>\n<\/tr>\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> 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\u00a0<\/p>\n
<\/p>\n
View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260527622383\/en\/<\/a><\/span><\/p>\n
\nCorporate Communications & Investor Relations
\n
412-432-3300
\n
LineMedia@ae.com<\/a><\/p>\nKEYWORDS:<\/b> United States North America Pennsylvania<\/p>\n
INDUSTRY KEYWORDS:<\/b> Women Teens Men Family Online Retail Consumer Fashion Retail<\/p>\n
- Aerie achieved record first quarter revenue with comps up 25%; surpasses $2 billion in revenue on a trailing 12 month basis<\/i><\/b><\/li>\n
![\"Logo\"](\"https:\/\/mms.businesswire.com\/media\/20260527622383\/en\/721613\/3\/aeo_inc_v2-01.jpg\")
<\/td>\n<\/tr>\n