earnings
confidence high
sentiment neutral
materiality 0.75
American Eagle reports record FY2021 revenue of $5.0B; guides FY2022 operating profit $550-600M
AMERICAN EAGLE OUTFITTERS INC
2021-FY EPS reported
$2.03
revenue$5,010,785,000
- FY2021 revenue $5.0B up 33% vs FY2020 and 16% vs pre-pandemic FY2019; adjusted EPS $2.19.
- Q4 revenue $1.51B up 17% YoY; adjusted EPS $0.35; Aerie revenue $428M up 27%.
- Elevated freight costs $90M in FY2021, $80M in Q4; $60M Q4 air freight from Vietnam closings.
- FY2022 operating profit guidance $550-600M vs FY2021 adjusted $603M; cautious on macro.
- Inventory +37% to $553M; capital expenditures $234M in FY2021; cash $435M after Quiet Logistics.