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.
Stay informed with comprehensive news coverage for American Eagle Outfitters Inc. (NYSE: AEO), one of the leading specialty apparel retailers serving young adult and teenage consumers across global markets. This dedicated news feed aggregates important updates, announcements, and developments that may influence AEO stock performance and company outlook.
Track quarterly earnings releases and financial performance updates that provide insight into revenue trends, same-store sales metrics, and profitability across the company's brand portfolio including American Eagle and Aerie. Monitor dividend declarations and capital allocation decisions including share repurchase announcements that reflect management's approach to shareholder returns.
Follow brand initiatives, marketing campaigns, and celebrity collaborations that drive customer engagement and brand awareness in the competitive apparel retail landscape. Access coverage of strategic developments including store operations, e-commerce expansion, and omnichannel retail investments that shape the company's competitive position.
This news feed delivers timely information on industry trends affecting family clothing retailers, consumer spending patterns, and retail sector dynamics relevant to AEO investors and market participants seeking to understand factors influencing the stock.
American Eagle Outfitters (NYSE: AEO) announced its participation in the TD Cowen Future of the Consumer Conference scheduled for Wednesday, June 5, 2024.
The event will include a fireside chat presentation at 10:10am ET and investor meetings throughout the day.
A live audio webcast will be available on the company's website and archived for one year.
American Eagle Outfitters (NYSE: AEO) announced a quarterly cash dividend of $0.125 per share. The dividend declaration was made on June 4, 2024, and is scheduled for payment on July 26, 2024. Stockholders of record by the close of business on July 12, 2024, will be eligible to receive the dividend.
American Eagle Outfitters (NYSE: AEO) reported record revenue of $1.1 billion for Q1 FY2024, a 6% increase year-over-year. Operating profit at $78 million and diluted EPS of $0.34 exceeded guidance. Aerie and American Eagle saw comparable sales rise by 6% and 7%, respectively. Gross profit increased by 12% to $464 million, driven by optimized inventory management and cost efficiencies. Despite an increase in SG&A expenses by 7% to $333 million, the company achieved a 76% rise in operating income. Inventory rose 9% to $681 million. AEO returned $60 million to shareholders through dividends and share repurchases. The company projects FY2024 operating income between $445 and $465 million, with revenue growth of 2-4%.
American Eagle Outfitters (NYSE: AEO) will announce its first quarter fiscal 2024 results on May 29th, 2024, via press release. The company will also host a live conference call to discuss the results on the same day at 4:30pm Eastern Time. Interested parties can access the call domestically at (877) 407-0789 or internationally at (201) 689-8562. A replay will be available post-call at (844) 512-2921 domestically and (412) 317-6671 internationally. The webcast and replay will be accessible online in the Investor Relations section of AEO's website.
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