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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) will release its fourth quarter 2021 results on March 2, 2022. A conference call summarizing these results will also take place on the same day at 4:30 p.m. ET. Investors can join the call by dialing (877) 407-0789 domestically or (201) 689-8562 internationally. A replay will be available after the call using the numbers provided. The earnings report will cover key financial metrics impacting the company's performance. For more details, please visit www.aeo-inc.com.
American Eagle Outfitters (AEO) anticipates achieving $600 million in operating income for fiscal 2021, exceeding its 2023 goals two years early. The company is raising its 2023 targets to approximately $5.8 billion in revenue and $800 million in operating income, reflecting a 26% CAGR from 2019-2023. Aerie is set to reach over $2 billion in revenue. AEO expects record fourth quarter revenue growth in the mid-to-high teens compared to previous years, despite facing increased freight costs due to supply chain challenges.
American Eagle Outfitters (NYSE: AEO) has finalized the acquisition of Quiet Logistics for approximately $360 million in cash. This strategic move enhances AEO's logistics capabilities with a network of fulfillment centers across major cities, enabling cost-effective same-day and next-day delivery. The acquisition aims to drive long-term growth and operational efficiencies while positioning products closer to customers. Quiet Logistics will operate as a wholly-owned subsidiary, contributing to AEO's expansion and economies of scale across retail and e-commerce.
American Eagle Outfitters, Inc. (NYSE:AEO) will present at the ICR Conference on January 11 at 1:00pm ET. A live webcast link will be available on the company's website at approximately 12:45pm ET. The company is a leading global specialty retailer, providing high-quality clothing and accessories under the American Eagle® and Aerie® brands. It operates in the U.S., Canada, Mexico, and Hong Kong, distributing products to 81 countries through its websites and over 200 international locations operated by licensees in 33 countries.
American Eagle Outfitters, Inc. (NYSE: AEO) declared a quarterly cash dividend of $0.18 per share on November 22, 2021. This dividend is payable on December 29, 2021 to stockholders of record as of the close of business on December 10, 2021. The company, a global specialty retailer, offers trendy clothing and personal care products under the American Eagle® and Aerie® brands, with operations in the U.S., Canada, Mexico, and Hong Kong, and shipping to 81 countries worldwide.
American Eagle Outfitters reported record revenue of $1.27 billion for Q3 2021, a 24% increase compared to Q3 2020. Operating income surged to $210 million, more than doubling from the previous year. American Eagle saw a 21% revenue rise, while Aerie's revenue increased 28%. Gross margin expanded to 44.3%, the highest since 2007, due to strong sales and optimized inventory. The company plans to acquire Quiet Logistics to enhance supply chain efficiency. EPS stood at $0.74, with adjusted EPS at $0.76 for the quarter.
American Eagle Outfitters (NYSE: AEO) will announce its third quarter 2021 results on November 23, 2021. The results will be followed by a live conference call at 9:30 a.m. Eastern Time, which can be accessed at (877) 407-0789 domestically and (201) 689-8562 internationally. A replay will be available post-call at (844) 512-2921 for domestic and (412) 317-6671 for international callers. The call will be archived on the AEO website.
American Eagle Outfitters (NYSE: AEO) is acquiring Quiet Logistics, Inc. for $350 million in cash, enhancing its supply chain transformation. This strategic move aims to optimize logistics through technology and robotics, improving fulfillment services across multiple locations. The acquisition is expected to support growth and drive economies of scale, benefiting both AEO and its partners. Quiet Logistics will operate as a subsidiary, maintaining independent operations while leveraging synergies. The deal, pending regulatory approval, is anticipated to close by year-end.
American Eagle Outfitters (AEO) announced the launch of AE77, a new premium denim brand, focusing on sustainability and style. The inaugural store opens in
American Eagle Outfitters, Inc. (NYSE: AEO) declared a quarterly cash dividend of $0.18 per share on September 9, 2021. This dividend is payable on October 22, 2021 to stockholders of record as of October 8, 2021. The company is a prominent global specialty retailer known for its apparel and accessories under American Eagle® and Aerie® brands, servicing customers both in-store and online across 81 countries.