American Eagle Outfitters

AEO Reports Record Fourth Quarter Revenue, Reflecting Momentum Across Brands and Continued Progress On Profit Improvement Initiatives

Retrieved on: 
Thursday, March 7, 2024

As our profit improvement initiatives took hold, we delivered a material improvement in business, underscoring the power of our brands, operations and strategic focus.

Key Points: 
  • 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.

AEO Inc. Declares a Regular Quarterly Dividend of $0.125 Per Share

Retrieved on: 
Monday, March 4, 2024

American Eagle Outfitters, Inc. (NYSE: AEO) announced a quarterly cash dividend of $0.125 per share. The dividend was declared on March 4, 2024 and is payable on April 26, 2024 to stockholders of record at the close of business on April 12, 2024.

Key Points: 

American Eagle Outfitters, Inc. (NYSE: AEO) announced a quarterly cash dividend of $0.125 per share. The dividend was declared on March 4, 2024 and is payable on April 26, 2024 to stockholders of record at the close of business on April 12, 2024.

Reminder: AEO Inc. to Report Fourth Quarter and Full Year Fiscal 2023 Results and Present Long-term Strategy and Financial Plan on March 7th

Retrieved on: 
Wednesday, February 28, 2024

As a reminder, American Eagle Outfitters (NYSE: AEO) will report fourth quarter and full-year fiscal 2023 results and unveil its new long-term strategy on Thursday, March 7th, 2024.

Key Points: 
  • As a reminder, American Eagle Outfitters (NYSE: AEO) will report fourth quarter and full-year fiscal 2023 results and unveil its new long-term strategy on Thursday, March 7th, 2024.
  • The company will issue press releases in the morning.
  • The webcast can be accessed via this link which is also posted in the Investor Relations section on AEO’s website, www.aeo-inc.com .
  • A replay of the webcast will be archived and made available online on the company’s website.

AEO Inc. to Report Fourth Quarter and Full Year Fiscal 2023 Results and Present Long-term Strategy and Financial Plan on March 7th

Retrieved on: 
Wednesday, February 14, 2024

American Eagle Outfitters (NYSE: AEO) will report its fourth quarter and full-year fiscal 2023 results and unveil its new long-term strategy on Thursday, March 7th, 2024.

Key Points: 
  • American Eagle Outfitters (NYSE: AEO) will report its fourth quarter and full-year fiscal 2023 results and unveil its new long-term strategy on Thursday, March 7th, 2024.
  • The company will issue press releases in the morning.
  • This will be followed by a webcast discussion of its financial results and long-term strategy and financial plan at 11:00 a.m., Eastern Time.
  • A replay of the webcast will be archived and made available online on the company’s website.

AEO Inc. Announces 30 Million Shares Authorized for Share Repurchase Program

Retrieved on: 
Thursday, February 1, 2024

American Eagle Outfitters, Inc. (NYSE: AEO) today announced that its Board of Directors has authorized 30 million shares of AEO’s common stock for repurchase through February 3, 2029.

Key Points: 
  • American Eagle Outfitters, Inc. (NYSE: AEO) today announced that its Board of Directors has authorized 30 million shares of AEO’s common stock for repurchase through February 3, 2029.
  • “Reflecting improved financial performance and a healthy balance sheet, I am pleased to announce a new share repurchase program for the company.
  • The share repurchase program may be suspended or discontinued at any time, and does not obligate AEO to acquire any amount of common stock.
  • AEO expects to utilize its existing cash and cash equivalents to fund repurchases under the share repurchase program.

Over 60% of Retailers See Customer Satisfaction Spikes, With Costco, H-E-B, and Publix Leading the Way, ACSI Data Show

Retrieved on: 
Tuesday, January 30, 2024

Chewy's multichannel customer support also shines, and the site is a leader in this area amid a competitive field.

Key Points: 
  • Chewy's multichannel customer support also shines, and the site is a leader in this area amid a competitive field.
  • Macy’s and Costco top general merchandise retailers, but Target has its sights fixed on the leaders
    Customer satisfaction with general merchandise retailers climbs 3% to an ACSI score of 77.
  • Customer satisfaction with specialty retailers stays pat at an ACSI score of 79.
  • This study scores six retail industries — online retailers, general merchandise retailers, specialty retailers, drugstores, supermarkets, and gas stations — as well as consumer shipping and the U.S.

It Gets Better Announces Year Three of Major Grants Initiative to Empower LGBTQ+ Students

Retrieved on: 
Thursday, February 1, 2024

LOS ANGELES, Feb. 1, 2024 /PRNewswire/ -- It Gets Better, the world's largest storytelling effort to empower LGBTQ+ youth, has opened applications for year three of its 50 States. 50 Grants. 5000 Voices. grants initiative. Grants of up to $10K each will be awarded to middle or high schools throughout the United States, including US territories, and fund projects that uplift, empower, and support the well-being of local LGBTQ+ students. The project is made possible by support from American Eagle Outfitters, Inc. (AEO) on behalf of its American Eagle (AE) brand and through AE customer donations during Pride Month, 2023 with additional support from the MAC Viva Glam Foundation and Tumblr.

Key Points: 
  • LOS ANGELES, Feb. 1, 2024 /PRNewswire/ -- It Gets Better, the world's largest storytelling effort to empower LGBTQ+ youth, has opened applications for year three of its 50 States.
  • It Gets Better has awarded over $1 million to middle and high schools across the United States.
  • "In a time when so many in positions of power are attempting to strip rights away from LGBTQ+ students, 50 States.
  • This is the first year the MAC Viva Glam Foundation and Tumblr have joined AEO in supporting 50 States.

American Eagle Outfitters Raises Fourth Quarter Guidance Reflecting Record Holiday Sales

Retrieved on: 
Monday, January 8, 2024

American Eagle Outfitters, Inc. (NYSE: AEO) today announced that fourth quarter-to-date revenue, through Saturday, December 30, 2023, is up approximately 8%, with American Eagle tracking up high single digits and Aerie up in the low teens.

Key Points: 
  • American Eagle Outfitters, Inc. (NYSE: AEO) today announced that fourth quarter-to-date revenue, through Saturday, December 30, 2023, is up approximately 8%, with American Eagle tracking up high single digits and Aerie up in the low teens.
  • The company is raising its fourth quarter outlook for revenue to be up low double digits, including a four point positive contribution from the 53rd week, as previously discussed.
  • Operating profit is now expected to be approximately $130 million, up from previous guidance of $105 to $115 million.
  • The improved outlook is a result of record holiday sales and strong merchandise margins.

Constellation Brands Announces Wine & Spirits Leadership Transition

Retrieved on: 
Thursday, January 4, 2024

VICTOR, N.Y., Jan. 04, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, today announced that the Company and Robert Hanson, who has led the transformation of the company’s Wine & Spirits business since 2019, have mutually agreed that Mr. Hanson will step down from his role as Executive Vice President and President of the company’s Wine & Spirits Division, at the end of Constellation’s fiscal year on February 29, 2024. The company has initiated a search to identify a successor. Bill Newlands, President and Chief Executive Officer, will assume responsibilities as interim leader for the company’s Wine & Spirits Division, in addition to his existing responsibilities, until a successor is named. Newlands and Hanson will work together over the coming weeks to ensure a smooth transition of leadership.

Key Points: 
  • Bill Newlands, President and Chief Executive Officer, will assume responsibilities as interim leader for the company’s Wine & Spirits Division, in addition to his existing responsibilities, until a successor is named.
  • Newlands and Hanson will work together over the coming weeks to ensure a smooth transition of leadership.
  • Under Hanson’s leadership over the past four-and-a-half years, the company’s Wine & Spirits Division has significantly reshaped its brand portfolio through a series of divestitures of lower-end brands, several tuck-in acquisitions of higher-end fine wine and craft spirits brands, consumer-led innovation, and by establishing a strong operational foundation for long-term success and more profitable growth.
  • “I am proud to have served both the Board and the Wine & Spirits Division of Constellation Brands, have a deep admiration and respect for the company and its iconic beverage alcohol portfolio and, in particular, its talented team members,” said Hanson.

AEO Inc. Announces 25% Increase in Quarterly Cash Dividend

Retrieved on: 
Wednesday, December 13, 2023

American Eagle Outfitters, Inc. (NYSE: AEO) announced that its Board of Directors has raised the amount of its quarterly cash dividend by 25%.

Key Points: 
  • American Eagle Outfitters, Inc. (NYSE: AEO) announced that its Board of Directors has raised the amount of its quarterly cash dividend by 25%.
  • The Board declared a regular quarterly cash dividend of $0.125 on December 13, 2023, payable on January 19, 2024 to stockholders of record at the close of business on January 5, 2024.
  • “I am pleased to announce a 25% increase in our quarterly dividend, reflecting improved fundamentals and free cash flow over the course of 2023.
  • This underscores the strength of our balance sheet and confidence in our strategic direction as we enter 2024.