AEO Q3 operating profit $118M beats expectations; rev down 3%; Q4 brand rev guided down mid-single digits

AMERICAN EAGLE OUTFITTERS INC

2022-Q3 EPS reported $0.36 revenue$3,493,745,000

Q3 results exceeded expectations. GAAP diluted EPS $0.42; operating profit $118M (9.5% margin).
Aerie revenue $350M (+11% YoY); American Eagle revenue $838M (-11% YoY); total revenue $1.2B (-3% YoY).
Inventory $798M (+8% YoY, units +7%), improved from +36% last quarter; Q4 ending inventory expected down YoY.
Q4 guidance: brand revenue down mid-single digits; gross margin 32%-33%; SG&A dollars flat YoY; dividend remains paused.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMERICAN EAGLE OUTFITTERS INC reported the third quarter ended October 29, 2022 results: revenue $1.2 billion, EPS $0.42. Guidance reaffirmed.

Period: the third quarter ended October 29, 2022
Revenue: $1.2 billion
EPS: $0.42
Guidance: reaffirmed
Result: reported results

Exact text from the filing

look forward to delivering an exceptional customer experience across brands and channels this holiday season,” Jay continued Third Quarter 2022 Results: • Total net revenue of $1.2 billion was down 3% to the third quarter of 2021. Our supply chain business, Quiet Platforms, contributed approximately 2 percentage points to revenue growth. Brand revenue declined 5%,

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Source: SEC EDGAR

accession 0000950170-22-025577

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