American Eagle Outfitters reports news about its specialty retail portfolio, which includes American Eagle, Aerie, OFFL/NE by Aerie, Todd Snyder and Unsubscribed. Company updates cover apparel and accessories assortments, denim-focused campaigns, limited product collaborations, brand ambassadors and seasonal merchandise launches across stores, license partners and e-commerce.
Recurring AEO news also includes quarterly and annual results, comparable sales by brand, fiscal outlooks, cash dividends, share repurchases and restructuring or efficiency actions. The company operates stores in the United States, Canada and Mexico, offers merchandise in more than 30 countries through license partners and sells online across its brands.
American Eagle Outfitters (AEO) reported a 3% decline in net revenue for Q3 2020, totaling $1.03 billion, down from $1.07 billion in Q3 2019. The operating income decreased to $96 million from $103 million year-over-year. Adjusted EPS was $0.35, down from $0.48, primarily due to a higher tax rate and increased interest expenses. Aerie's revenue surged 34%, while American Eagle's revenue fell 11%. Despite challenges, AEO reported strong online sales, with digital revenue increasing by 29%.
American Eagle Outfitters (NYSE:AEO) today launched the #AerieREAL Kind Campaign, focused on sharing kindness. This initiative includes the first-ever #AerieREAL Kind Hotline, surprise acts of kindness, and partnerships with Feeding America. The campaign runs from now until December 25, 2020, aligning with World Kindness Day. For every purchase made during the campaign, Aerie will donate meals to help those facing hunger, aiming to donate up to 1 million meals. The brand's new Holiday '20 collection features cozy apparel designed to spread positivity and joy among its community.
American Eagle Outfitters (NYSE: AEO) is set to release its third quarter 2020 results following the market close on November 24, 2020. A live conference call will be held at 4:15 PM ET on the same day, accessible via phone for domestic and international callers. The call will be archived on AEO's Investor Relations website. American Eagle Outfitters is a global specialty retailer, known for providing quality clothing and accessories at affordable prices under its American Eagle and Aerie brands, operating across multiple countries.