American Eagle Outfitters Inc.

NYSE:AEO   3:59:59 PM EDT
11.18
-0.55 (-4.69%)
Other Pre-Announcement

American Eagle Outfitters Says ‍​Quarterly Total Net Revenue Increased $20 Million, Or 2% To $1.055 Billion

Published: 05/26/2022 20:30 GMT
American Eagle Outfitters Inc. (AEO) - American Eagle Outfitters - ‍​qtrly Total Net Revenue Increased $20 Million, Or 2% to $1.055 Billion; Qtrly EPS of $0.16.
American Eagle Outfitters - ‍qtrly Consolidated Store Revenue Up 2%; Qtrly Total Digital Revenue Declined 6%.
American Eagle Outfitters - ‍​quarter-end Total Ending Inventory at Cost Increased 46% to $682 Million Compared to $467 Million Last Year.
American Eagle Outfitters - Q1 Proved Challenging, With Demand Well Below Expectations, Pressuring Operating Profit.
American Eagle Outfitters - ‍qtrly Aerie Revenue of $322 Million Rose 8%; Qtrly American Eagle Revenue of $686 Million Declined 6% Versus Q1 2021.
American Eagle Outfitters - ‍​for Q2, Management Expects Top-line Growth to Trend Similarly to Q1 With Gross Margin Rate of About 33%.
American Eagle Outfitters - ‍​incorporating Shifts in Macro Environment, Lowering Outlook for Year.
American Eagle Outfitters - ​sees FY Operating Profit to Be Above $314 Million Achieved in Fiscal 2019, With Total Revenue Up in Low Single Digits Versus Fiscal 2021.
American Eagle Outfitters - ​expects to Enter Second Half Better Aligned With Demand.
Further Company Coverage: Aeon ((reuters.
Briefs@thomsonreuters.
Com;)).