AEO Q1 revenue record $1.1B (+2% YoY); adj. EPS $0.17, guides Q2 op. income $25-35M

AMERICAN EAGLE OUTFITTERS INC

2023-Q1 EPS reported $0.09 revenue$1,080,926,000

GAAP operating income $23M; adjusted operating income $44M excluding $21M in impairment and restructuring charges.
Aerie revenue $359M (+12% YoY) with 2% comp growth; American Eagle revenue $671M (-2%) with -4% comp.
Gross margin 38.2% vs 36.8% YoY; merchandise margin expanded on lower transportation costs partially offset by higher markdowns.
FY2023 revenue guidance: flat to down low-single digits; operating income $250-270M.
Inventory down 8% to $625M; remaining $9M of 2025 convertible notes redeemed in Q1.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AMERICAN EAGLE OUTFITTERS INC reported financial results for first quarter ended April 29, 2023.

Period: first quarter ended April 29, 2023
Result: reported results

Exact text from the filing

On May 24, 2023, American Eagle Outfitters, Inc. (the “Company”) issued a press release announcing, among other things, the Company’s financial results for the first quarter ended April 29, 2023.

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309 earnings releases filed in the last 30 days. Browse all earnings releases →

AMERICAN EAGLE OUTFITTERS INC filing history →

Source: SEC EDGAR

accession 0000950170-23-023964

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