Aerie news and archive

American Eagle Outfitters declares 31 percent increase in dividend

The board of directors of American Eagle Outfitters, Inc. (AEO) has approved a 31 percent increase in the quarterly cash dividend to 18 cents per share. “I am pleased to announce a material increase to our dividend today. Following a record first quarter result, the increase reflects our confidence in the growth potential of our leading brands...

Business

American Eagle Outfitters posts 17 percent revenue growth

American Eagle Outfitters, Inc. (AEO) total net revenue increased 148 million dollars or 17 percent to 1.03 billion dollars compared to the first quarter of 2019. The company said, Aerie revenue increased 89 percent to 297 million dollars, while American Eagle revenue increased slightly to 728 million dollars. AEO’s digital revenue increased 57...

Business

American Eagle expects to surpass 1 billion dollars revenue mark

American Eagle Outfitters has announced that business is exceeding expectations with first quarter revenue on track to over 1 billion dollars, a mid-teens increase compared to pre-Covid-19 first quarter reported revenue. The company said, demand has accelerated across the American Eagle and Aerie brands, generating strong margins, higher...

BusinessFeatured

American Eagle expects low single digit drop in holiday sales, announces growth strategy

American Eagle Outfitters (AEO) has announced that the company expects fourth quarter adjusted operating income to exceed 95 million dollars compared to reported operating income of 0.5 million dollars and adjusted operating income of 77 million dollars last year and fourth quarter revenue is expected to decrease in the low single digits. The...

Business

American Eagle Outfitters posts strong performance by Aerie

American Eagle Outfitters, Inc. reported operating income of 96 million dollars for the third quarter compared to 103 million dollars, while EPS was 32 cents compared to 48 cents last year. Total net revenue for the 13 weeks decreased 35 million dollars or 3 percent to 1.03 billion dollars reflecting mall traffic declines related to Covid-19,...

Business

American Eagle Outfitters posts Q2 loss, revenues drop 15 percent

American Eagle Outfitters, Inc. has reported EPS of negative 8 cents for the 13 weeks ended August 1, 2020 compared to 38 cents for the 13 weeks ended August 3, 2019, and adjusted EPS of negative 3 cents compared to adjusted EPS of 39 cents last year. Total net revenue for the quarter decreased 157 million dollars or 15 percent to 884 million...

Business

American Eagle Outfitters swings to Q1 loss

American Eagle Outfitters, Inc. reported loss per share of 1.54 dollars for the 13 weeks ended May 2, 2020 compared to earnings per share of 23 cents for the same period ended May 4, 2019. Adjusted loss per share was 84 cents compared to adjusted EPS of 24 cents last year. Total net revenue for the first quarter, the company said, decreased 335...

Business

American Eagle defers Q1 dividend payment, furloughs employees

American Eagle Outfitters, Inc. has announced that in response to ongoing store closures due to COVID-19, the company is taking a series of actions to preserve financial strength including a suspension of its share repurchase program and deferred payment of the first quarter cash dividend; temporary furloughs of store, field and corporate...

BusinessFeatured

Aerie drives sales growth at American Eagle Outfitters

American Eagle Outfitters, Inc. (AEO) reported total net revenue for the fourth quarter increased 70 million dollars or 6 percent to 1.31 billion dollars, while consolidated comparable sales increased 2 percent, following a 6 percent increase last year. By brand, American Eagle comparable sales decreased 3 percent, compared to a 3 percent...

Fashion

American Eagle Outfitters announces new eco-friendly initiatives

American Eagle Outfitters (AEO Inc.), the parent company of the American Eagle and Aerie brands, has announced three new commitments to further its ongoing mission towards becoming more environmentally responsible. AEO Inc. has joined the United Nation's Fashion Industry Charter for Climate Action, helping to drive the industry to net-zero...

Business

American Eagle Outfitters expects to report flat comparable sales growth

American Eagle Outfitters, Inc. has announced that fourth quarter comparable sales to date are approximately flat, following a 6 percent comp increase last year. The company reaffirms its previously issued fourth quarter EPS guidance in the range of 34 cents to 36 cents per diluted share. “Despite some expected challenges, we delivered another...

Business

American Eagle Q2 sales improve 8 percent

American Eagle Outfitters, Inc. (AEO) reported EPS of 38 cents for the second quarter ended August 3, 2019 compared to 34 cents for the same quarter last year. The company said, excluding restructuring charges of 1 cent, adjusted EPS was 39 cents. Total net revenue for the quarter increased 76 million dollars or 8 percent to 1.04 billion dollars...