AEO

Former SBA Assistant Administrator, Natalie Madeira Cofield, Named CEO of Association for Enterprise Opportunity (AEO)

Retrieved on: 
Monday, March 11, 2024

Washington, DC, March 11, 2024 (GLOBE NEWSWIRE) -- The Board of Directors for the Association for Enterprise Opportunity (AEO) is thrilled to announce the appointment of Natalie Madeira Cofield as Chief Executive Officer, effective March 18, 2024.

Key Points: 
  • Washington, DC, March 11, 2024 (GLOBE NEWSWIRE) -- The Board of Directors for the Association for Enterprise Opportunity (AEO) is thrilled to announce the appointment of Natalie Madeira Cofield as Chief Executive Officer, effective March 18, 2024.
  • "Natalie Madeira Cofield's appointment marks an exciting chapter for AEO as we continue our mission to empower entrepreneurs and foster economic growth,” said Ines Polonius, Chair of the AEO Board of Directors.
  • “Her proven track record, coupled with her visionary leadership, will undoubtedly drive AEO towards new heights of impact and influence.
  • Chris Wheat, JPMorgan Chase - "As AEO's new CEO, Natalie Madeira Cofield brings a dynamic blend of strategic insight and advocacy for small businesses.

American Eagle Outfitters Announces Three-Year Strategy to Power Profitable Growth; Clear Path to $5.7 to $6.0B in Revenue and an Approximate 10% Operating Margin Rate

Retrieved on: 
Thursday, March 7, 2024

Execute with financial discipline: Organization structured to deliver consistent profit growth and shareholder returns.

Key Points: 
  • Execute with financial discipline: Organization structured to deliver consistent profit growth and shareholder returns.
  • Optimize operations: Leverage best-in-class operating capabilities to fuel our growth and profit roadmap.
  • “Amplifying American Eagle and Aerie’s stronghold in casual apparel is at the very center of our strategic plan.
  • The company will discuss its financial results and long-term strategy and targets in an extended call beginning at 11:00 AM ET.

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.

Ryder Expands Cross-Border Footprint in U.S. and Mexico to Support Growth in Nearshoring

Retrieved on: 
Wednesday, February 21, 2024

Ryder’s new and expanded facilities are designed to support growth in manufacturing, while speeding products across the border.

Key Points: 
  • Ryder’s new and expanded facilities are designed to support growth in manufacturing, while speeding products across the border.
  • View the full release here: https://www.businesswire.com/news/home/20240221427567/en/
    Ryder’s new 228,000-square-foot multiclient warehouse and cross dock in Laredo, Texas is strategically located along the U.S.-Mexico border and is designed to support the growth in nearshoring.
  • The company also operates approximately five million square feet of multiclient and dedicated warehouse and yard space across Mexico.
  • Ryder also holds key industry certifications, such as C-TPAT and AEO, to ensure faster, more secure trade while reducing inspections and fees for customers.

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.

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.