AEO expects Q2 revenue flat YoY, operating income above prior guidance; COO departing in 2024

AMERICAN EAGLE OUTFITTERS INC

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

Q2 revenue expected approximately flat YoY, vs prior guidance of down low-single digits.
Operating income expected to exceed prior guidance of $25-$35 million.
Demand strengthened in late June and continued into July with Fall collections.
COO Michael Rempell to leave in early 2024 after 23 years; successor search begun.

item 2.02 item 5.02 item 9.01

Executive movements

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Departed

Michael Rempell

Executive Vice President & Chief Operations Officer

AEO · AMERICAN EAGLE OUTFITTERS INC

Filed: August 3, 2023, 7:59 PM ET

On July 31, 2023, Michael Rempell, AEO’s Executive Vice President & Chief Operations Officer, who has been with the Company for over 23 years in various roles, informed us of his intention to leave AEO at or around the end of the fiscal year in order to pursue personal interests.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMERICAN EAGLE OUTFITTERS INC reported second quarter 2023 results: revenue approximately flat to last year, ahead of previous guidance for revenue to be down low-single digits. Guidance raised.

Period: second quarter 2023
Revenue: approximately flat to last year, ahead of previous guidance for revenue to be down low-single digits
Guidance: raised
Result: guidance update

Exact text from the filing

American Eagle Outfitters, Inc. (NYSE: AEO) expects second quarter revenue to be approximately flat to last year, ahead of previous guidance for revenue to be down low-single digits. The company also expects operating income to exceed previous guidance of $25 to $35 million.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Michael Rempell departed as Executive Vice President & Chief Operations Officer at AMERICAN EAGLE OUTFITTERS INC.

Action: informed of his intention to leave
Role: Executive Vice President & Chief Operations Officer

Exact text from the filing

On July 31, 2023, Michael Rempell, AEO’s Executive Vice President & Chief Operations Officer, who has been with the Company for over 23 years in various roles, informed us of his intention to leave AEO at or around the end of the fiscal year in order to pursue personal interests.

View on SEC.gov

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Source: SEC EDGAR

accession 0001193125-23-202971

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