American Eagle Outfitters 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,...

Fashion

American Eagle Outfitters launches scholarship for social justice

American Eagle Outfitters (AEO) has announced the launch of the AEO Real Change Scholarship for Social Justice, a 5 million dollar commitment created to advance educational opportunities for its full and part-time associates. In its first year, the program will select 15 recipients, each eligible for up to 40,000 dollars during their pursuit of...

Business

American Eagle Outfitters appoints Steven Davis as an independent director

American Eagle Outfitters appoints Steven Davis as independent director American Eagle Outfitters, Inc. has appointed Steven A. Davis to the company’s board of directors as an independent director, effective October 1, 2020. The company said in a statement, this appointment expands its board to nine directors, including eight independents and...

People

American Eagle appoints new chief creative officer

Jennifer Foyle has been appointed to the role of chief creative officer of American Eagle Outfitters, effective immediately. Foyle was previously global brand president of the company's Aerie brand, and will now be responsible for overseeing merchandising, design and marketing for both American Eagle and Aerie. She will report to executive...

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

Analysts see 10 percent upside potential for American Eagle Outfitters shares

New York – Analysts covering American Eagle Outfitters (AEO) stock have a consensus ‘Hold’ rating over the apparel retailer’s shares. The range between the high target price and low target price is between 15 and 7 and has a mean target at 12.63 dollars. The previous closing price of 11.45 dollars this now indicates there is a potential upside...

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 promotes Mike Mathias to CFO role

American Eagle Outfitters, Inc. has appointed Mike Mathias as Executive Vice President and Chief Financial Officer, effective immediately, replacing Bob Madore, AEO’s current CFO, who is leaving the company. The company said in a statement hat Madore will remain with AEO in a senior advisory role reporting to Jay Schottenstein, Executive...