American Eagle Outfitters - AEO STOCK NEWS

On March 1, 2023, American Eagle Outfitters (NYSE: AEO) will release its fourth quarter and full year fiscal 2022 results. A live conference call is scheduled for the same day at 4:30 PM ET, accessible via domestic and international phone lines. The call will offer a summary of the financial results and will be available for replay afterward, along with an online archive on AEO's investor relations website. American Eagle specializes in retailing high-quality apparel and accessories, operating in multiple international markets. In 2022, AEO published its Building a Better World ESG report, highlighting two decades of achievements.

Shipium has partnered with Quiet Platforms, a subsidiary of American Eagle Outfitters (AEO), to enhance e-commerce logistics by simplifying supply chain management. This collaboration aims to improve delivery speed, accuracy, and cost-effectiveness for retailers. Shipium's technology addresses the inefficiencies of traditional systems, allowing for faster two to three-day shipping and an average reduction in shipping costs by 12%. This partnership will enable brands to gain instant nationwide delivery coverage, optimizing logistics for popular retailers.

American Eagle Outfitters (AEO) reported a 3% revenue decline for the fourth quarter-to-date as of January 7, 2023, yet slightly outperformed expectations for its American Eagle brand. Aerie performed in line with forecasts. The company anticipates a 2 percentage point contribution to revenue from Quiet Logistics, with gross margins projected at the high end of 32-33%. Strong inventory management has positioned inventories favorably compared to last year. AEO will release its fourth-quarter results on March 1, 2023.

AEO Inc. has announced that its slow-fashion brand, Unsubscribed, will contribute 25% of sales from Giving Tuesday to Delivering Good, which received a $100,000 grant from the Aerie Real Foundation. This grant will aid in distributing over $1 million in merchandise to support women affected by poverty. Since 2019, AEO has donated over $1.1 million to Delivering Good, reflecting its commitment to social impact. The initiative enhances AEO's brand reputation while promoting sustainability through product donations.

American Eagle Outfitters (AEO) reported a strong third quarter with total net revenue of $1.2 billion, down 3% from last year. Operating profit reached $118 million, exceeding pre-pandemic levels. Aerie revenue increased by 11% to $350 million, demonstrating a 24% CAGR over three years. Although brand revenue declined 5%, the company successfully managed inventory levels, with an 8% year-over-year increase. For the fourth quarter, AEO projects mid-single-digit revenue declines and aims to maintain a gross margin of 32% to 33%. Cash dividends remain paused to enhance financial flexibility.

American Eagle Outfitters (NYSE: AEO) is set to release its third quarter results on November 22, 2022. A live conference call summarizing these results will be held the same day at 11:00 AM Eastern Time, accessible via phone for both domestic and international callers. A replay of the call will be available after it concludes. The company, known for its American Eagle® and Aerie® brands, emphasizes its commitment to youth and sustainability, having recently published its first annual Building a Better World ESG report.

Parcel Perform has announced a partnership with Quiet Platforms, a subsidiary of American Eagle Outfitters (NYSE: AEO), aimed at enhancing e-commerce logistics. This collaboration will integrate Parcel Perform's parcel tracking and data enrichment into Quiet Platforms' services, improving supply chain visibility and efficiency for retailers. Charles Griffith, CTO of Quiet Platforms, emphasized the need for better delivery insights. This partnership is seen as a crucial step in strengthening logistics capabilities and enhancing customer experience in the e-commerce sector.

American Eagle Outfitters (NYSE: AEO) has announced a partnership between its subsidiary, Quiet Platforms, and FourKites to enhance supply chain visibility for retail customers. This collaboration will offer real-time tracking of inventory and shipments, beginning in mid-October, allowing retailers to manage logistics more effectively. Key benefits include resolving delivery delays, improving customer experience, and reducing cargo loss. The initiative aims to optimize operations for retailers and ensure sustainable practices across the supply chain.