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American Eagle Outfitters, Inc. (NYSE: AEO) is a global specialty retailer renowned for offering high-quality, on-trend clothing, accessories, and personal care products at affordable prices. Founded in 1977 with a single store in Novi, Michigan, the company has grown to over 1,000 stores and employs 30,000 associates worldwide. The company operates through two primary segments: American Eagle and Aerie. The American Eagle brand provides a wide range of specialty apparel, accessories, and personal care products for both men and women, while Aerie focuses on intimates and activewear, promoting body positivity and inclusivity.
Headquartered in Pittsburgh, with additional offices in New York City, San Francisco, and Hong Kong, AEO has established a strong global presence. The company's commitment to innovation and its entrepreneurial culture empower associates to drive creative solutions and initiate change. This innovative spirit is evident in their digital expansion, with online sales contributing significantly to their revenue.
Recent achievements include a 25% increase in the quarterly cash dividend, reflecting strong fundamentals and free cash flow. AEO reported record-breaking holiday sales, an 8% revenue rise in the fourth quarter, and a robust financial outlook for 2024. The company also launched the 'Powering Profitable Growth' strategy, aiming for a 3-5% annual revenue growth and a 10% operating margin by 2026.
AEO's ESG initiatives are captured in their annual Building a Better World report, highlighting their two-decade commitment to environmental, social, and governance (ESG) goals. Partnerships with over 300 international licensees amplify their global reach, making AEO products available in nearly 80 countries.
For investors, AEO's strategic initiatives and financial discipline offer promising returns. The company has authorized the repurchase of 30 million shares through 2029, underlining confidence in its financial health and commitment to shareholder value.
American Eagle Outfitters (NYSE: AEO) has raised its fourth quarter profit outlook due to stronger-than-expected holiday sales. Comparable sales for the quarter-to-date, through January 4, 2025, have increased by low single digits, surpassing the previous guidance of a 1% rise. The company now anticipates an operating profit of approximately $135 million, up from the prior range of $125 million to $130 million. This projection is based on a comparable sales increase of around 2%, building on last year's 8% growth.
Despite a projected 5% decline in total revenue due to adverse impacts from the retail calendar, AEO reported record sales in December across its American Eagle and Aerie brands. CEO Jay Schottenstein highlighted the company's focus on operational efficiencies and product innovation, aiming for high-teens operating profit growth in 2024.
In terms of shareholder returns, AEO repurchased 1.5 million shares for $27 million in the fourth quarter-to-date, bringing the year-to-date total to 7.5 million shares for $158 million. The company has returned $231 million in cash to shareholders through dividends and buybacks so far this year.
American Eagle Outfitters (NYSE: AEO) has declared a quarterly cash dividend of $0.125 per share, payable on January 24, 2025, to stockholders of record as of January 10, 2025. The dividend was declared on December 10, 2024.
AEO operates as a global specialty retailer with multiple brands including American Eagle, Aerie, OFFL/NE by Aerie, Todd Snyder, and Unsubscribed. The company maintains operations across the United States, Canada, and Mexico, while offering merchandise in over 30 countries through license partners and e-commerce platforms.
American Eagle Outfitters (AEO) reported strong Q3 fiscal 2024 results with growth across brands. Aerie achieved record Q3 revenue with 5% comp sales growth, while American Eagle saw 3% comp growth. Total revenue was $1.3 billion, down 1% due to retail calendar shift impact of $45 million.
Operating income reached $106 million with an 8.2% margin. Adjusted operating income was $124 million with a 9.6% margin. Gross profit was $527 million with a 40.9% margin. The company maintained strong shareholder returns through dividends and share repurchases.
For Q4, AEO expects comp sales up ~1% with total revenue down 4%. Full-year outlook projects ~3% comp sales growth and adjusted operating income of $428-433 million, representing mid-teens growth.
American Eagle Outfitters (NYSE: AEO) has announced it will release its third quarter fiscal 2024 results after market close on Wednesday, December 4th, 2024. The company will host a conference call and live webcast at 4:30pm Eastern Time on the same day to discuss the results. The call will be accessible via domestic (877-407-0789) and international (201-689-8562) numbers, with replay options available. The webcast will be archived in the Investor Relations section of AEO's website.
American Eagle Outfitters (NYSE: AEO) has launched the AE Foundation, expanding its commitment to support causes that improve the lives of teens and young adults. The foundation will focus on mental health and well-being, empowering authenticity, and uplifting its customer community.
The AE Foundation will award Signature Grants of up to $100,000 and Community Grants to grassroots organizations. On World Mental Health Day, the foundation announced its first Signature Grant of $100,000 to Bring Change to Mind (BC2M), a nonprofit co-founded by actress Glenn Close that works to end mental illness stigma.
American Eagle and Aerie, along with their customers, have donated over $1.6 million to BC2M since 2021. The AE Foundation will announce another Signature Grantee for the 2024 holiday season on Giving Tuesday. It will also offer volunteer opportunities for AE associates to support mental health initiatives in their communities.
American Eagle Outfitters (NYSE: AEO) has declared a quarterly cash dividend of $0.125 per share. The dividend was announced on September 24, 2024 and will be paid on October 30, 2024 to stockholders of record as of the close of business on October 11, 2024. This regular dividend declaration demonstrates the company's commitment to returning value to its shareholders and may indicate confidence in its financial stability and future prospects.
Perfect Moment (NYSE American: PMNT), a luxury skiwear and lifestyle brand, has been invited to present at the 26th Annual H.C. Wainwright Global Investment Conference in New York City from September 9-11, 2024. CEO Mark Buckley and CFO Jeff Clayborne will conduct virtual one-on-one meetings with investors and analysts on September 10 and 11.
Management will discuss the company's market leadership as a top luxury ski brand. Perfect Moment recently partnered with Quiet Platforms, a subsidiary of American Eagle Outfitters, to establish U.S. distribution centers. The company also launched its Ibiza-inspired Summer Capsule Collection and secured its first seasonal retail location in New York's SoHo, set to open in October.
American Eagle Outfitters (NYSE: AEO) reported record second quarter revenue of $1.3 billion, up 8% year-over-year, with operating profit increasing 55% to $101 million. Aerie achieved all-time high Q2 revenue, with comps up 4%, while American Eagle saw strong momentum with comps increasing 5%. The company updated its full-year operating income outlook to $455 to $465 million, the high-end of prior guidance.
Key financial highlights include:
- Gross profit increased 10% to $499 million, with margin expanding 90 basis points to 38.6%
- SG&A expense leveraged 90 basis points
- Operating margin expanded 240 basis points to 7.8%
- Diluted EPS was $0.39
- Inventory increased 4% to $664 million
AEO returned $120 million to shareholders in Q2 through share repurchases and dividends.
Perfect Moment (NYSE American: PMNT) reported fiscal Q1 2025 results, highlighting a 43% increase in gross revenue to $1.9 million. Despite this, total net revenue remained relatively flat at $974,000 due to increased returns from end-of-season discounting. The company launched new initiatives, including a Summer Capsule Collection and a product resale program. Perfect Moment's social media following grew 19% year-over-year to 387,000 followers. The company partnered with Quiet Platforms to establish U.S. distribution centers and secured its first pop-up retail location in New York City. However, the company reported a net loss of $3.4 million or $(0.22) per share, compared to a $2.7 million loss in the year-ago period. Cash and equivalents stood at $4.0 million as of June 30, 2024.
American Eagle Outfitters (NYSE: AEO) has announced it will release its second quarter fiscal 2024 results on Thursday, August 29th, 2024. The company will host a live conference call and webcast at 11:00am Eastern Time on the same day to discuss the results. Investors can access the call using domestic (877-407-0789) or international (201-689-8562) numbers. A replay will be available after the call. The event will also be archived and accessible through the Investor Relations section of AEO's website at www.aeo-com.
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