American Eagle Outfitters, Inc. has recently released its 10-Q report, providing an in-depth look into its financial performance and operations. The company operates as a multi-brand specialty retailer, offering a range of products including jeans, apparel, accessories, and personal care items for women and men under the American Eagle brand, as well as intimates, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.
In the 10-Q report, American Eagle Outfitters, Inc. disclosed its Management’s Discussion and Analysis of Financial Condition and Results of Operations. The report includes an executive overview, key performance indicators, current trends and outlook, results of operations, non-GAAP information, liquidity and capital resources, and critical accounting estimates. Additionally, the report discusses recent accounting pronouncements adopted or being evaluated, along with their anticipated effects on the company’s financial statements.
The company's third quarter of Fiscal 2024 showed continued progress on its "Powering Profitable Growth" plan, with total revenue decreasing by 1% to $1.289 billion, while comparable sales increased by 3%. Operating income decreased by $19 million, or 15% year over year, with adjusted operating income decreasing by $2 million compared to the prior year. Diluted earnings per share also decreased to $0.41, or $0.48 on an adjusted basis, for the 13 weeks ended November 2, 2024, compared to $0.49 for the same period in 2023.
The report also provides detailed financial data, such as the percentage relationship to total net revenue of various line items in the company's Consolidated Statements of Operations for the 13 and 39 weeks ended November 2, 2024, and October 28, 2023. Additionally, it includes information on store data, with American Eagle Outfitters, Inc. operating 845 AE retail stores, 317 Aerie retail stores, 19 Todd Snyder retail locations, and five Unsubscribed locations as of November 2, 2024.
Furthermore, the report addresses the comparison of the 13 weeks ended November 2, 2024, to the 13 weeks ended October 28, 2023, detailing the changes in total net revenue and revenue from American Eagle, Aerie, and other segments. The report also discusses the company's gross profit and the factors influencing its performance.
Today the company's shares have moved 3.1% to a price of $20.54. If you want to know more, read the company's complete 10-Q report here.
