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American Eagle Outfitters - AEO STOCK NEWS

Welcome to our dedicated page for American Eagle Outfitters news (Ticker: AEO), a resource for investors and traders seeking the latest updates and insights on American Eagle Outfitters stock.

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.

News

AEO Inc. Announces 30 Million Shares Authorized for Share Repurchase Program

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American Eagle Outfitters, Inc. (AEO) has authorized the repurchase of 30 million shares of its common stock through February 3, 2029, replacing the existing authorization set to expire on February 3, 2024. The company's improved financial performance and healthy balance sheet have led to this decision, following a 25% increase in quarterly cash dividend. AEO may repurchase shares through various means, with the total amount depending on business, economic, and market conditions.
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American Eagle Outfitters Raises Fourth Quarter Guidance Reflecting Record Holiday Sales

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American Eagle Outfitters, Inc. (NYSE: AEO) reports an 8% increase in fourth quarter-to-date revenue, with high single-digit growth for American Eagle and low double-digit growth for Aerie. The company raises its fourth quarter revenue outlook to be up low double digits, with an expected operating profit of approximately $130 million. The improved outlook is attributed to record holiday sales and strong merchandise margins, positioning the company for healthy earnings growth and operating rate improvement in 2024.
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AEO Inc. Announces 25% Increase in Quarterly Cash Dividend

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American Eagle Outfitters, Inc. (NYSE: AEO) raises quarterly cash dividend by 25% to $0.125, reflecting improved fundamentals and free cash flow in 2023. The dividend is payable on January 19, 2024, to stockholders of record at the close of business on January 5, 2024.
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AEO Inc. Reports Record Third Quarter Revenue and Strong Operating Profit; Updated Annual Outlook Reflects Improved Demand and Profit Improvement Initiatives

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American Eagle Outfitters Inc. (AEO) reported a record third quarter revenue of $1.3 billion, up 5% from last year. Operating profit reached $125 million, the second highest since 2012. Aerie achieved an all-time high third quarter revenue with a 12% increase in comparable sales. American Eagle revenue and comparable sales were up 2% from last year, reflecting continued sequential improvement in trends.
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Delivering Good Announces $100,000 Donation from American Eagle and Aerie in Recognition of World Kindness Day

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Delivering Good (Ticker: DG) Named Exclusive Holiday Charity Partner of American Eagle Outfitters’ (AEO) Brands: Delivering Good has been named the exclusive charity partner of American Eagle (AE) and Aerie for the holiday season, with the brands committing to donate a total of $100,000 to support Delivering Good's mission. AE will contribute $50,000, Aerie will provide a $50,000 grant, and AE will also collect customer donations in-store and online. Aerie recently donated 100,000 new bras to Delivering Good's '1 Million Bras' campaign. The Aerie Real Foundation marks its one-year anniversary with a $50,000 grant to Delivering Good, surpassing more than $1 million in giving to over 60 organizations since its launch in fall 2022. AEO, its brands, and customers have donated over $1.1 million to Delivering Good, in addition to numerous pallets of new merchandise since 2019.
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AEO Inc. to Report Third Quarter 2023 Results on November 21st

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American Eagle Outfitters (NYSE: AEO) will report its third quarter 2023 results on November 21st, 2023. A summary of the results will be presented through a live conference call at 11:00am Eastern Time. The call can be accessed by calling (877) 407-0789 (Domestic) or (201) 689-8562 (International). A replay will be available at (844) 512-2921 (Domestic) or (412) 317-6671 (International) with Conference ID number 13736967. The call will be archived on AEO's website, www.aeo-inc.com.
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AEO Inc. Announces Key Appointments as Part of Previously Announced COO Transition

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American Eagle Outfitters appoints two executive leaders following the departure of Chief Operations Officer
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AEO Inc. Expands ESG Goals and Highlights More Than Two Decades of Progress in Second “Building a Better World” Report

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American Eagle Outfitters (AEO) releases second ESG report, exceeding water reduction goal by 38% in 2022.
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AEO Inc. Declares a Regular Quarterly Dividend of $0.10 Per Share

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American Eagle Outfitters declares quarterly cash dividend of $0.10 per share
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American Eagle Continues to Dominate Denim With OMJeans, an Immersive Takeover of the High Line in New York City

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American Eagle Outfitters celebrates fall season with immersive denim installation on the High Line in NYC
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FAQ

What is the current stock price of American Eagle Outfitters (AEO)?

The current stock price of American Eagle Outfitters (AEO) is $17.22 as of November 21, 2024.

What is the market cap of American Eagle Outfitters (AEO)?

The market cap of American Eagle Outfitters (AEO) is approximately 3.2B.

What is American Eagle Outfitters' primary business?

American Eagle Outfitters is a global specialty retailer offering high-quality, on-trend clothing, accessories, and personal care products under its American Eagle and Aerie brands.

Where is American Eagle Outfitters headquartered?

American Eagle Outfitters is headquartered in Pittsburgh, Pennsylvania, with additional offices in New York City, San Francisco, and Hong Kong.

What recent financial achievements has American Eagle Outfitters accomplished?

Recently, AEO increased its quarterly cash dividend by 25%, reported an 8% rise in fourth-quarter revenue, and launched a 'Powering Profitable Growth' strategy aiming for 3-5% annual revenue growth.

What are the two main segments of American Eagle Outfitters?

The two main segments of American Eagle Outfitters are the American Eagle brand, which offers a variety of apparel and accessories, and the Aerie brand, known for intimates and activewear.

How does American Eagle Outfitters contribute to ESG initiatives?

AEO's ESG initiatives are outlined in their annual 'Building a Better World' report, highlighting their commitment to environmental, social, and governance goals over two decades.

What is the financial outlook for American Eagle Outfitters in 2024?

For 2024, American Eagle Outfitters expects operating income between $445 million and $465 million, with a projected revenue increase of 2-4%.

How does American Eagle Outfitters plan to enhance shareholder value?

AEO has authorized the repurchase of 30 million shares through 2029, reflecting confidence in its financial health and a commitment to returning cash to shareholders.

What is the purpose of American Eagle Outfitters' 'Powering Profitable Growth' strategy?

The 'Powering Profitable Growth' strategy aims to deliver mid-to-high teens annual operating income expansion and achieve approximately a 10% operating margin by 2026.

How extensive is American Eagle Outfitters' global reach?

American Eagle Outfitters operates stores in the United States, Canada, Mexico, and Hong Kong, and ships to about 80 countries worldwide. Their products are also available at over 300 international locations operated by licensees.

What is the role of innovation at American Eagle Outfitters?

Innovation at AEO is driven by an entrepreneurial culture, empowering associates to develop creative solutions and initiate changes, which is a key competitive advantage for the company.

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American Eagle Outfitters

NYSE:AEO

AEO Rankings

#1619 Ranked by Market Cap
#1066 Ranked by Dividends

AEO Stock Data

3.25B
180.38M
6.1%
101.53%
8.33%
Apparel Retail
Retail-family Clothing Stores
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United States of America
PITTSBURGH