American Eagle Outfitters news and archive

American Eagle Outfitters swings to Q2 profit, ups FY guidance

American Eagle Outfitters (AEO) has raised its full-year outlook as it swung to a profit in the three months to July 29. The company made a net profit of 48.6 million dollars in the second quarter from a loss of 42.5 million dollars a year earlier, while its operating profit widened to 65.3 million dollars from 14 million dollars. For the...

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American Eagle Outfitters raises Q2 forecast, announces COO departure

American Eagle Outfitters, Inc. (AEO) expects second quarter revenue to be approximately flat to last year, ahead of previous guidance for revenue to be down low-single digits. The company also expects operating income to exceed previous guidance of 25 to 35 million dollars. The company also announced that Michael Rempell, chief operations...

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American Eagle Outfitters lowers FY outlook

American Eagle Outfitters (AEO) has lowered its full-year guidance after reporting a small increase in revenue and narrowing profits in the first quarter. In the three months to April 29, revenue at the US fashion retailer increased 2 percent to 1.1 billion billion dollars, with store revenue up 5 percent but digital revenue down 4 percent....

Business

American Eagle Outfitters launches resale with ThredUp

American Eagle Outfitters (AEO) has announced a new partnership with ThredUp that has seen it launch its own resale site for the brand’s secondhand and vintage clothing. Entitled ‘Re/Ae’, the platform has been curated by the fashion group itself and utilised ThredUp’s Resale-as-a-Service (RaaS) technology to power the experience. It comes as AEO...

Business

American Eagle and E.l.f. Cosmetics to launch denim-inspired beauty collection

Retailer American Eagle, launches its first makeup and skin care line in collaboration with beauty brand E.l.f. Cosmetics, targeting their mutual audience Gen Z. The limited edition collection contains four denim-inspired products - an eyeshadow, a lip balm and a clay mask, ranging from eight to sixteen dollars, as well as a bag made of “...

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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...

Business

AEO joins US Cotton Trust Protocol as new member

The US Cotton Trust Protocol has announced fashion retail group American Eagle Outfitters (AEO) has joined as a new member. Through support from the organisation, the conglomerate, which owns the likes of American Eagles, Aerie and Todd Snyder, said it would strive to provide better transparency, communication and standardised reporting of 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....

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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...

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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...