AEO Q2 revenue $1.2B, EPS $0.25; raises FY outlook to $325-350M operating income

AMERICAN EAGLE OUTFITTERS INC

2023-Q2 EPS reported $0.34 revenue$2,281,805,000

Revenue $1.2B slightly up YoY; operating profit $65M (5.4% margin) vs prior year improvement.
Aerie revenue $380M (+2%, all-time high); American Eagle revenue $767M (-1%).
Gross margin expanded to 37.7% from 30.9% driven by lower markdowns and costs.
FY operating income guidance raised to $325-350M from $250-270M; revenue expected up low single digits.
Inventory down 7% to $637M; profit improvement initiatives contributing $25M in benefits.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AMERICAN EAGLE OUTFITTERS INC reported second quarter ended July 29, 2023 results: revenue $1.2 billion, EPS $0.25. Guidance raised.

Period: second quarter ended July 29, 2023
Revenue: $1.2 billion
EPS: $0.25
Guidance: raised
Result: reported results

Exact text from the filing

AEO Inc. Reports Second Quarter Revenue and Operating Profit Above Expectations; Raises Annual Outlook Reflecting Strengthened Demand and Profit Initiatives • Record second quarter revenue of $1.2 billion, up slightly to last year • Operating profit of $65 million, up significantly, with growth across brands

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Source: SEC EDGAR

accession 0000950170-23-046751

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