The earnings call reflected a challenging quarter for American Eagle Outfitters, with significant declines in revenue, inventory write-downs, and increased promotional activity leading to margin pressures. However, there were positive developments with the share repurchase program and growth in specific segments like Offline by Aerie.

Company Guidance -

Q2 2025

In the first quarter of fiscal year 2025, American Eagle Outfitters reported a $68 million adjusted operating loss, significantly impacted by a $75 million inventory write-down. The company experienced a 5% decline in consolidated revenue, dropping to $1.1 billion, with comparable sales down 3%. American Eagle's comparable sales fell by 2%, while Aerie's declined by 4%. Gross profit was $322 million, with a gross margin of 29.6%, reflecting a 960 basis point decrease in merchandise margin due to the write-down and other cost pressures. Despite challenges, the company initiated a $200 million accelerated share repurchase program and invested $62 million in CapEx during the quarter. Looking ahead, for the second quarter, revenue is expected to trend similar to the first quarter, with a 5% decline and comparable sales down approximately 3%. Operating income is projected between $40 to $45 million, with gross margin expected to decrease further due to higher markdowns and cost delveraging. The company remains focused on strategic initiatives, including optimizing supply chains to reduce exposure to tariffs and improve operational efficiency.

Accelerated Share Repurchase Program

American Eagle initiated a $200 million accelerated share repurchase program and completed $31 million in open market share repurchases.

Strength in Offline by Aerie

Offline by Aerie demonstrated positive growth, gaining market share and expanding customer awareness in the activewear sector.

Intimates Category Improvement

Intimates saw sequential improvement with gains in market share, driven by new fabrication, design, and refreshed marketing strategies.

American Eagle (AEO) Earnings, Revenues Date & History

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AEO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 03, 2025	2025 (Q2)	0.20 / -	0.39	―	―	―
May 03, 2025	2025 (Q1)	-0.25 / -0.29	0.34	-185.29% (-0.63)	―	―
Mar 12, 2025	2024 (Q4)	0.50 / 0.53	0.61	-13.11% (-0.08)
Dec 04, 2024	2024 (Q3)	0.47 / 0.48	0.49	-2.04% (-0.01)
Aug 29, 2024	2024 (Q2)	0.38 / 0.39	0.25	56.00% (+0.14)
May 29, 2024	2024 (Q1)	0.28 / 0.34	0.17	100.00% (+0.17)
Mar 07, 2024	2023 (Q4)	0.50 / 0.61	0.37	64.86% (+0.24)
Nov 21, 2023	2023 (Q3)	0.48 / 0.49	0.42	16.67% (+0.07)
Sep 06, 2023	2023 (Q2)	0.16 / 0.25	0.04	525.00% (+0.21)
May 24, 2023	2023 (Q1)	0.16 / 0.17	0.16	6.25% (+0.01)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

AEO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Mar 12, 2025	$11.18	$10.72	-4.11%
Dec 04, 2024	$19.90	$17.06	-14.27%
Aug 29, 2024	$20.89	$20.01	-4.21%
May 29, 2024	$23.02	$21.28	-7.56%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.