earnings
confidence high
sentiment positive
materiality 0.85
American Eagle Q2 revenue record $1.3B (+8% YoY), op profit up 55%, raises FY guidance to high end
AMERICAN EAGLE OUTFITTERS INC
2024-Q2 EPS reported
$0.73
revenue$2,434,925,000
- Q2 revenue $1.3B (+8% YoY); Aerie revenue $416M (+9%, comps +4%), American Eagle $828M (+8%, comps +5%).
- Operating income $101M (+55%); gross margin 38.6% (+90 bps); operating margin 7.8% (+240 bps).
- Diluted EPS $0.39; Q2 buybacks $96M (4.5M shares) + $24M dividends; remaining authorization 24M shares.
- Q3 op income guidance $120-125M; FY op income outlook raised to $455-465M (high end); FY comps +4%, revenue +2-3%.