earnings
confidence high
sentiment neutral
materiality 0.72
AEO Q4 comps +3%, FY24 adjusted op income +19%; guides FY25 revenue down low-single digits
AMERICAN EAGLE OUTFITTERS INC
2024-FY EPS reported
$1.68
revenue$5,328,652,000
- Q4 revenue $1.6B (-4% YoY due to one less week); comparable sales +3% (Aerie +6%, American Eagle +1%).
- FY24 revenue $5.3B (+1%); GAAP operating income $427M; adjusted operating income $445M (+19% YoY).
- Board authorized additional 50M shares for repurchase (total 68.5M remaining); FY24 repurchases: 9.5M shares for $191M.
- FY25 outlook: revenue down low-single digits; operating income $360-375M; gross margin down YoY.
- Q1 slower start: revenue mid-single digit decline; operating income $20-25M; proactive steps to reduce expenses.