Aerie news and archive

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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American Eagle 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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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...

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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...

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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...

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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...

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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....

ManagementFeatured

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 2 percent to 1.055 billion dollars, with supply chain acquisitions contributing approximately 3 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...

ManagementFeatured

American Eagle Outfitters Q4 revenues increase 17 percent

For the fourth quarter, American Eagle Outfitters, Inc. (AEO) reported a total net revenue increase of 216 million dollars or 17 percent to 1.51 billion dollars. Total net revenue for the full year increased 1.3 billion dollars or 33 percent to 5 billion dollars. Compared to the pre-pandemic fiscal year 2019 base, total net revenue increased 16...

Management

American Eagle Outfitters raises 2023 financial targets

After strong holiday sales, American Eagle Outfitters, Inc. (AEO) has said that it is on track to achieve 600 million dollars in operating income for fiscal 2021. Fueled by strong demand and positive pricing, AEO expects record fourth quarter revenue with growth in the mid-to-high teens compared to fourth quarter 2020, and up in the mid-teens...

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American Eagle Outfitters posts 24 percent revenue growth

American Eagle Outfitters, Inc. (AEO) said total net revenue increased 242 million dollars or 24 percent to 1.27 billion dollars for the third quarter with Aerie revenue of 315 million dollars, up 28 percent and American Eagle revenue of 941 million dollars, up 21 percent versus third quarter 2020. Consolidated store revenue increased 29 percent...