AEO Inc. Expects to Report Second Quarter Results Above Guidance
03 Agosto 2023 - 2:30PM
Business Wire
American Eagle Outfitters, Inc. (NYSE: AEO) expects second
quarter revenue to be approximately flat to last year, ahead of
previous guidance for revenue to be down low-single digits. The
company also expects operating income to exceed previous guidance
of $25 to $35 million.
“I am pleased to note that demand picked up in late June, with
strength continuing as we introduced our initial Fall collections
in July, reflecting newness centered on emerging trends across our
brands. Looking to the second half of the year, we remain focused
on building our category leadership and creating unique customer
connections, while maintaining a sharp eye on improved profit flow
through,” Jay Schottenstein, AEO’s Executive Chairman of the Board
and Chief Executive Officer commented.
In a separate release today, the company announced a planned
leadership transition.
The company will report its final second quarter 2023 results by
press release on Wednesday, September 6, 2023.
The company will also host a summary of AEO Inc.’s second
quarter results with a live conference call that will be webcast on
Wednesday, September 6, 2023 at 4:30pm, Eastern Time. The
conference call can be accessed by calling:
- Domestic: (877) 407-0789
- International: (201) 689-8562
A replay will be available following the call at:
- Domestic: (844) 512-2921
- International: (412) 317-6671
- Conference ID number: 13736966
The call will be archived and made available online in the
Investor Relations section on AEO’s website, www.aeo-inc.com
About American Eagle Outfitters, Inc.
American Eagle Outfitters, Inc. (NYSE: AEO) is a leading global
specialty retailer offering high-quality, on-trend clothing,
accessories and personal care products at affordable prices under
its American Eagle® and Aerie® brands. Our purpose is to show the
world that there’s REAL power in the optimism of youth. The company
operates stores in the United States, Canada, Mexico, Hong Kong and
Japan, and ships to approximately 80 countries worldwide through
its websites. American Eagle and Aerie merchandise also is
available at more than 260 international locations operated by
licensees in approximately 30 countries. In 2022, AEO released its
first annual Building a Better World report, which outlines two
decades of ESG achievements through the company’s Planet, People
and Practices initiatives. For more information, please visit
www.aeo-inc.com.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995
This release and related statements by management contain
forward-looking statements (as such term is defined in the Private
Securities Litigation Reform Act of 1995), which represent our
expectations or beliefs concerning future events, including second
quarter and annual fiscal 2023 results. All forward-looking
statements made by the company involve material risks and
uncertainties and are subject to change based on many important
factors, some of which may be beyond the company’s control. Words
such as "estimate," "project," "plan," "believe," "expect,"
"anticipate," "intend," “potential,” and similar expressions may
identify forward-looking statements. Except as may be required by
applicable law, we undertake no obligation to publicly update or
revise any forward-looking statements whether as a result of new
information, future events or otherwise and even if experience or
future changes make it clear that any projected results expressed
or implied therein will not be realized. The following factors, in
addition to the risks disclosed in Item 1A., Risk Factors, of our
Annual Report on Form 10-K for the fiscal year ended January 28,
2023 and in any other filings that we may make with the Securities
and Exchange Commission in some cases have affected, and in the
future could affect, the company's financial performance and could
cause actual results for fiscal 2023 and beyond to differ
materially from those expressed or implied in any of the
forward-looking statements included in this release or otherwise
made by management: the negative impacts of the COVID-19 pandemic
and related operational disruptions; the risk that the company’s
operating, financial and capital plans may not be achieved; our
inability to anticipate customer demand and changing fashion trends
and to manage our inventory commensurately; seasonality of our
business; our inability to achieve planned store financial
performance; our inability to react to raw material cost, labor and
energy cost increases; our inability to gain market share in the
face of declining shopping center traffic; our inability to respond
to changes in e-commerce and leverage omni-channel demands; our
inability to expand internationally; difficulty with our
international merchandise sourcing strategies; challenges with
information technology systems, including safeguarding against
security breaches; and global economic, public health, social,
political and financial conditions, and the resulting impact on
consumer confidence and consumer spending, as well as other changes
in consumer discretionary spending habits, which could have a
material adverse effect on our business, results of operations and
liquidity.
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Investor Relations 412-432-3300 LineMedia@ae.com
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