Accelerated Share Repurchase Program
Initiation of a $200 million accelerated share repurchase program and $31 million in open market shares repurchases, indicating confidence in long-term growth.
Intimates and Offline by Aerie Growth
Offline by Aerie demonstrated positive growth, gaining market share and expanding customer awareness. Intimates improved sequentially, gaining market share with newness in fabrication and design.
Supply Chain Optimization
Actions to strengthen the supply chain network included closing two edge fulfillment centers, expected to generate annualized savings of approximately $5 million.
Market Share Gains
Despite challenges, American Eagle and Aerie held or gained market share in categories like intimates and denim.