AEO Reports Record Fourth Quarter Revenue, Reflecting Momentum Across Brands and Continued Progress On Profit Improvement Initiatives
As our profit improvement initiatives took hold, we delivered a material improvement in business, underscoring the power of our brands, operations and strategic focus.
- As our profit improvement initiatives took hold, we delivered a material improvement in business, underscoring the power of our brands, operations and strategic focus.
- “We are entering 2024 with momentum and from a position of strength with an exciting line-up of innovation and customer engagement initiatives.
- The 53rd week contributed $57 million or approximately four points to revenue growth in the quarter.
- In the fourth quarter, the company recorded a $131 million impairment and restructuring charge, of which $119 million was non-cash.