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American Eagle Outfitters - AEO STOCK NEWS

Welcome to our dedicated page for American Eagle Outfitters news (Ticker: AEO), a resource for investors and traders seeking the latest updates and insights on American Eagle Outfitters stock.

American Eagle Outfitters, Inc. (NYSE: AEO) is a global specialty retailer renowned for offering high-quality, on-trend clothing, accessories, and personal care products at affordable prices. Founded in 1977 with a single store in Novi, Michigan, the company has grown to over 1,000 stores and employs 30,000 associates worldwide. The company operates through two primary segments: American Eagle and Aerie. The American Eagle brand provides a wide range of specialty apparel, accessories, and personal care products for both men and women, while Aerie focuses on intimates and activewear, promoting body positivity and inclusivity.

Headquartered in Pittsburgh, with additional offices in New York City, San Francisco, and Hong Kong, AEO has established a strong global presence. The company's commitment to innovation and its entrepreneurial culture empower associates to drive creative solutions and initiate change. This innovative spirit is evident in their digital expansion, with online sales contributing significantly to their revenue.

Recent achievements include a 25% increase in the quarterly cash dividend, reflecting strong fundamentals and free cash flow. AEO reported record-breaking holiday sales, an 8% revenue rise in the fourth quarter, and a robust financial outlook for 2024. The company also launched the 'Powering Profitable Growth' strategy, aiming for a 3-5% annual revenue growth and a 10% operating margin by 2026.

AEO's ESG initiatives are captured in their annual Building a Better World report, highlighting their two-decade commitment to environmental, social, and governance (ESG) goals. Partnerships with over 300 international licensees amplify their global reach, making AEO products available in nearly 80 countries.

For investors, AEO's strategic initiatives and financial discipline offer promising returns. The company has authorized the repurchase of 30 million shares through 2029, underlining confidence in its financial health and commitment to shareholder value.

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American Eagle Outfitters (NYSE: AEO) announced a quarterly cash dividend of $0.125 per share. The dividend declaration was made on June 4, 2024, and is scheduled for payment on July 26, 2024. Stockholders of record by the close of business on July 12, 2024, will be eligible to receive the dividend.

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American Eagle Outfitters (NYSE: AEO) reported record revenue of $1.1 billion for Q1 FY2024, a 6% increase year-over-year. Operating profit at $78 million and diluted EPS of $0.34 exceeded guidance. Aerie and American Eagle saw comparable sales rise by 6% and 7%, respectively. Gross profit increased by 12% to $464 million, driven by optimized inventory management and cost efficiencies. Despite an increase in SG&A expenses by 7% to $333 million, the company achieved a 76% rise in operating income. Inventory rose 9% to $681 million. AEO returned $60 million to shareholders through dividends and share repurchases. The company projects FY2024 operating income between $445 and $465 million, with revenue growth of 2-4%.

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American Eagle Outfitters (NYSE: AEO) will announce its first quarter fiscal 2024 results on May 29th, 2024, via press release. The company will also host a live conference call to discuss the results on the same day at 4:30pm Eastern Time. Interested parties can access the call domestically at (877) 407-0789 or internationally at (201) 689-8562. A replay will be available post-call at (844) 512-2921 domestically and (412) 317-6671 internationally. The webcast and replay will be accessible online in the Investor Relations section of AEO's website.

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Jay L. Schottenstein, CEO of American Eagle Outfitters, to be honored at the World Retail Hall of Fame for his industry contributions. Schottenstein recognized for talent, perseverance, and commitment to high-performing retail businesses. Event to take place on April 15, 2024, in Paris.
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American Eagle Outfitters, Inc. (NYSE: AEO) unveils a new Powering Profitable Growth plan aiming for mid-to-high teens annual operating income expansion and 3-5% revenue growth over the next three years. The plan focuses on brand amplification, financial discipline, and operational optimization to drive profitability.
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American Eagle Outfitters (AEO) reported record fourth-quarter revenue of $1.7 billion, a 12% increase from last year. Aerie achieved all-time high revenue with a 13% comp sales increase, while American Eagle saw a 6% comp sales growth. The company announced a new long-term strategy aiming for $5.7 to $6.0 billion in revenue and a 10% operating margin by 2026.
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American Eagle Outfitters, Inc. (NYSE: AEO) declares a quarterly cash dividend of $0.125 per share, payable on April 26, 2024, to stockholders of record on April 12, 2024.
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American Eagle Outfitters (AEO) will announce Q4 and full-year fiscal 2023 results and reveal its new long-term strategy on March 7th, 2024. The event includes a webcast with a presentation and Q&A session.
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American Eagle Outfitters (AEO) to report Q4 and full-year fiscal 2023 results and unveil long-term strategy on March 7th, 2024
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American Eagle Outfitters, Inc. (AEO) has authorized the repurchase of 30 million shares of its common stock through February 3, 2029, replacing the existing authorization set to expire on February 3, 2024. The company's improved financial performance and healthy balance sheet have led to this decision, following a 25% increase in quarterly cash dividend. AEO may repurchase shares through various means, with the total amount depending on business, economic, and market conditions.
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FAQ

What is the current stock price of American Eagle Outfitters (AEO)?

The current stock price of American Eagle Outfitters (AEO) is $20.35 as of October 10, 2024.

What is the market cap of American Eagle Outfitters (AEO)?

The market cap of American Eagle Outfitters (AEO) is approximately 3.9B.

What is American Eagle Outfitters' primary business?

American Eagle Outfitters is a global specialty retailer offering high-quality, on-trend clothing, accessories, and personal care products under its American Eagle and Aerie brands.

Where is American Eagle Outfitters headquartered?

American Eagle Outfitters is headquartered in Pittsburgh, Pennsylvania, with additional offices in New York City, San Francisco, and Hong Kong.

What recent financial achievements has American Eagle Outfitters accomplished?

Recently, AEO increased its quarterly cash dividend by 25%, reported an 8% rise in fourth-quarter revenue, and launched a 'Powering Profitable Growth' strategy aiming for 3-5% annual revenue growth.

What are the two main segments of American Eagle Outfitters?

The two main segments of American Eagle Outfitters are the American Eagle brand, which offers a variety of apparel and accessories, and the Aerie brand, known for intimates and activewear.

How does American Eagle Outfitters contribute to ESG initiatives?

AEO's ESG initiatives are outlined in their annual 'Building a Better World' report, highlighting their commitment to environmental, social, and governance goals over two decades.

What is the financial outlook for American Eagle Outfitters in 2024?

For 2024, American Eagle Outfitters expects operating income between $445 million and $465 million, with a projected revenue increase of 2-4%.

How does American Eagle Outfitters plan to enhance shareholder value?

AEO has authorized the repurchase of 30 million shares through 2029, reflecting confidence in its financial health and a commitment to returning cash to shareholders.

What is the purpose of American Eagle Outfitters' 'Powering Profitable Growth' strategy?

The 'Powering Profitable Growth' strategy aims to deliver mid-to-high teens annual operating income expansion and achieve approximately a 10% operating margin by 2026.

How extensive is American Eagle Outfitters' global reach?

American Eagle Outfitters operates stores in the United States, Canada, Mexico, and Hong Kong, and ships to about 80 countries worldwide. Their products are also available at over 300 international locations operated by licensees.

What is the role of innovation at American Eagle Outfitters?

Innovation at AEO is driven by an entrepreneurial culture, empowering associates to develop creative solutions and initiate changes, which is a key competitive advantage for the company.

American Eagle Outfitters

NYSE:AEO

AEO Rankings

AEO Stock Data

3.91B
192.06M
5.96%
102.73%
11.24%
Apparel Retail
Retail-family Clothing Stores
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United States of America
PITTSBURGH