AEO raises 2023 targets: revenue $5.8B, op income $800M, op margin 13.5%

AMERICAN EAGLE OUTFITTERS INC

2021 operating income on track to $600M, surpassing prior 2023 goal two years early.
New 2023 targets: revenue $5.8B (vs prior $5.5B), operating income $800M (vs $550M), margin 13.5% (vs 10%).
Aerie brand targeted to reach $2.2B revenue in 2023, high-20% CAGR from 2019.
Q4 2021 outlook: record revenue mid-to-high teens growth vs Q4 2020, op income $90-100M including $80M freight cost headwind.

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