AEO Inc. Announces $200 Million Accelerated Share Repurchase Program
American Eagle Outfitters (NYSE: AEO) has announced a $200 million accelerated share repurchase (ASR) agreement with Bank of America. The program will repurchase approximately 18.1 million shares, representing about 9.5% of the company's fully diluted outstanding stock.
The ASR will be executed under the company's existing share repurchase authorization of 68.5 million shares. The initiative, combined with AEO's quarterly cash dividend, demonstrates the company's commitment to balanced capital allocation and shareholder returns, while reflecting its strong capital position and confidence in long-term strategic growth plans.
American Eagle Outfitters (NYSE: AEO) ha annunciato un accordo di riacquisto accelerato di azioni (ASR) del valore di 200 milioni di dollari con Bank of America. Il programma prevede il riacquisto di circa 18,1 milioni di azioni, che rappresentano circa il 9,5% delle azioni totalmente diluite in circolazione dell'azienda.
L'ASR sarà eseguito nell'ambito dell'autorizzazione esistente dell'azienda per il riacquisto di 68,5 milioni di azioni. L'iniziativa, insieme al dividendo in contante trimestrale di AEO, dimostra l'impegno dell'azienda verso un'allocazione equilibrata del capitale e il ritorno agli azionisti, riflettendo al contempo la sua solida posizione patrimoniale e la fiducia nei piani di crescita strategica a lungo termine.
American Eagle Outfitters (NYSE: AEO) ha anunciado un acuerdo de recompra acelerada de acciones (ASR) por un valor de 200 millones de dólares con Bank of America. El programa comprará aproximadamente 18,1 millones de acciones, lo que representa alrededor del 9,5% de las acciones totalmente diluidas en circulación de la empresa.
El ASR se llevará a cabo bajo la autorización existente de recompra de acciones de la compañía de 68,5 millones de acciones. La iniciativa, combinada con el dividendo en efectivo trimestral de AEO, demuestra el compromiso de la empresa con una asignación equilibrada de capital y retornos para los accionistas, al tiempo que refleja su sólida posición de capital y confianza en los planes de crecimiento estratégico a largo plazo.
아메리칸 이글 아울피터스 (NYSE: AEO)는 뱅크 오브 아메리카와 2억 달러 규모의 가속 주식 매입 (ASR) 계약을 발표했습니다. 이 프로그램은 약 1,810만 주를 매입할 예정이며, 이는 회사의 완전 희석 주식의 약 9.5%에 해당합니다.
ASR은 회사의 기존 6,850만 주 주식 매입 승인 하에 실행됩니다. 이 이니셔티브는 AEO의 분기별 현금 배당금과 함께 회사가 자본 할당의 균형과 주주 수익에 대한 헌신을 보여주며, 동시에 강력한 자본 위치와 장기 전략적 성장 계획에 대한 신뢰를 반영합니다.
American Eagle Outfitters (NYSE: AEO) a annoncé un accord de rachat d'actions accéléré (ASR) d'un montant de 200 millions de dollars avec Bank of America. Le programme prévoit le rachat d'environ 18,1 millions d'actions, représentant environ 9,5% des actions entièrement diluées en circulation de l'entreprise.
L'ASR sera exécuté dans le cadre de l'autorisation de rachat d'actions existante de l'entreprise de 68,5 millions d'actions. Cette initiative, combinée au dividende en espèces trimestriel d'AEO, démontre l'engagement de l'entreprise envers une allocation équilibrée du capital et des retours pour les actionnaires, tout en reflétant sa solide position financière et sa confiance dans les plans de croissance stratégique à long terme.
American Eagle Outfitters (NYSE: AEO) hat eine 200 Millionen Dollar umfassende beschleunigte Aktienrückkaufvereinbarung (ASR) mit der Bank of America bekannt gegeben. Das Programm wird etwa 18,1 Millionen Aktien zurückkaufen, was etwa 9,5% der vollständig verwässerten ausstehenden Aktien des Unternehmens entspricht.
Der ASR wird im Rahmen der bestehenden Aktienrückkaufautorisierung des Unternehmens von 68,5 Millionen Aktien durchgeführt. Die Initiative, kombiniert mit der vierteljährlichen Bardividende von AEO, zeigt das Engagement des Unternehmens für eine ausgewogene Kapitalallokation und Aktionärsrenditen und spiegelt gleichzeitig die starke Kapitalposition und das Vertrauen in die langfristigen Wachstumsstrategien wider.
- Significant $200 million share repurchase program announced
- Large 9.5% reduction in outstanding shares, potentially boosting EPS
- Strong capital position indicated by management
- Continued quarterly cash dividend payments maintained
- Substantial cash outlay of $200 million reduces available capital for operations or growth initiatives
“We are pleased to announce an accelerated share repurchase program, which reflects our strong capital position and confidence in our long-term strategic growth plan. This program, combined with our quarterly cash dividend, underscores our commitment to a balanced approach to capital allocation and delivering strong returns to shareholders,” commented Jay Schottenstein, AEO’s Executive Chairman of the Board and Chief Executive Officer.
About American Eagle Outfitters, Inc.
American Eagle Outfitters, Inc. (NYSE: AEO) is a leading global specialty retailer with a portfolio of beloved apparel brands including American Eagle, Aerie, OFFL/NE by Aerie, Todd Snyder and Unsubscribed. Rooted in optimism, inclusivity and authenticity, AEO’s brands empower every customer to celebrate their unique personal style by offering casual, comfortable, timeless outfitting and high-quality products that are made to last.
AEO Inc. operates stores in
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This release and related statements by management contain forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995), which represent management’s expectations or beliefs concerning future events. All forward-looking statements made by the company involve material risks and uncertainties and are subject to change based on many important factors, some of which may be beyond the company’s control. Words such as “outlook,” “estimate,” “project,” “plan,” “believe,” “expect,” “anticipate,” “intend,” “may,” “potential,” and similar expressions may identify forward-looking statements, although not all forward-looking statements contain these identifying words. All forward-looking statements made by the company are inherently uncertain because they are based on assumptions and expectations concerning future events and are subject to change based on many important factors, some of which may be beyond the company’s control. Except as may be required by applicable law, we undertake no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events or otherwise and even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized. The following factors, in addition to the risks disclosed in Item 1A., Risk Factors, of our Annual Report on Form 10-K for the fiscal year ended February 3, 2024 and in any other filings that we may make with the Securities and Exchange Commission in some cases have affected, and in the future could affect, the company's financial performance and could cause actual results to differ materially from those expressed or implied in any of the forward-looking statements included in this release or otherwise made by management: the risk that the company’s operating, financial and capital plans may not be achieved; our inability to anticipate customer demand and changing fashion trends and to manage our inventory commensurately; seasonality of our business; our inability to achieve planned store financial performance; our inability to react to raw material cost, labor and energy cost increases; our inability to gain market share in the face of declining shopping center traffic; our inability to respond to changes in e-commerce and leverage omni-channel demands; our inability to expand internationally; difficulty with our international merchandise sourcing strategies; the possibility that product costs are adversely affected by foreign trade issues (including import tariffs and other trade restrictions imposed by the
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Source: American Eagle Outfitters, Inc.
FAQ
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