AEO posts record Q3 revenue $1.3B (+5%), EPS $0.49, raises FY revenue guidance to mid-single-digit growth

AMERICAN EAGLE OUTFITTERS INC

2023-Q3 EPS reported $0.83 revenue$3,582,859,000

Q3 revenue $1.3B record, +5% YoY; operating profit $125M (9.6% margin); diluted EPS $0.49, +17%.
Aerie revenue $393M (+12%) with comps +12%; American Eagle revenue $857M (+2%) with comps +2%.
Gross margin 41.8%, up 310 bps driven by lower product/freight costs and fewer markdowns.
FY2023 outlook: revenue now expected up mid-single digits (vs prior low single digits); operating income $340–350M.
Q4 outlook: revenue up high-single digits (incl. 4pt from 53rd week); operating income $105–115M.

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 the third quarter ended October 28, 2023 results: revenue $1.3 billion, EPS $0.49. Guidance raised.

Period: the third quarter ended October 28, 2023
Revenue: $1.3 billion
EPS: $0.49
Guidance: raised
Result: reported results

Exact text from the filing

Record Third Quarter Revenue and Strong Operating Profit; Updated Annual Outlook Reflects Improved Demand and Profit Improvement Initiatives • Record third quarter revenue of $1.3 billion, up 5% to last year, with growth across brands and channels • Operating profit of $125 million, up to last year; Second highest since 2012 • Aerie posted all-time high third

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AMERICAN EAGLE OUTFITTERS INC updated its Fiscal 2023 guidance (raised).

Period: Fiscal 2023
Guidance: raised
Result: guidance update

Exact text from the filing

For Fiscal 2023, management expects revenue to be up mid-single digits to last year, compared to prior guidance for revenue up low single digits. Operating income is expected to be in the range of $340 to $350 million, at the high end of prior guidance of $325 to $350 million.

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Source: SEC EDGAR

accession 0000950170-23-065477

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