American Eagle Outfitters, Inc. · NYSE:AEO

American Eagle Outfitters — Q1 2026 Earnings Presentation

19 slides from American Eagle Outfitters's earnings presentation, May 28, 2026

  1. Slide 1: First Quarter 2026 Investor Presentation

    FIRST QUARTER 2026 Investor Presentation

  2. Slide 2: Safe Harbor Statement Under The Private Securities Litigation Reform Act Of 1995

    Safe Harbor Statement Under The Private Securities Litigation Reform Act Of 1995 This presentation 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 management’s expectations or b

  3. Slide 3: Non-GAAP Measures

    Non-GAAP Measures This presentation includes operating income and diluted earnings per share presented on an “adjusted” or “non-GAAP” basis, which are non-GAAP financial measures. Non-GAAP financial measures are not based on any standardized methodology prescribed by U.S. generally accepted accounting

  4. Slide 4: CEO statement on 2026 momentum and priorities

    “We entered 2026 with strong momentum, delivering double-digit top-line growth and operating income ahead of guidance. This quarter reflected the strength of our portfolio and the power of Aerie. Driven by compelling product assortments and a deep emotional connection with customers, the brand achiev

  5. Slide 5: Our Core Brands

    Our Core Brands Fueling Success: Product Leadership Rankings reflect U.S. Market Only; Source: Circana, LLC, Retail Tracking Service, US, Jeans, Wearer Age: 15 – 25; Women’s Leggings, Activewear, Sports Bras & Intimates, Wearer Age: 15 – 35; Dollar Share, May 2025 – April 2026

  6. Slide 6: First Quarter 2026 Results

    First Quarter 2026 Results Total revenue increased 10% to a record $1.2 billion +8% $28M Comp Operating Profit Returned $74 million to shareholders from $53 million in share repurchases and $21 million in dividends -2% +25% Comp Comp Operating profit was $28 million compared to operating loss of $(85)

  7. Slide 7: Guidance

    Guidance 2Q26 Fiscal 2026 COMPARABLE SALES +Mid-to-High Single Digit +Mid Single Digit GROSS MARGIN Down YoY Up YoY SG&A +Mid Teens +HSD DEPRECIATION & Mid $50 millions Approximately $220 M AMORTIZATION OPERATING INCOME $45M to $50 M $390 to $410 M WEIGHTED AVERAGE Low 170 millions Low 170 millions

  8. Slide 8: Appendix

    Appendix

  9. Slide 9: Key Highlights and Inventory Data (unaudited)

    Key Highlights (unaudited) FIRST QUARTER 2026 2025 TOTAL NET REVENUE CHANGE 10% (5%) COMPARABLE SALES GROWTH 8% (3%) GROSS MARGIN 38.2% 29.6% SELLING, GENERAL & ADMINISTRATIVE EXPENSES 31.5% 31.1% OPERATING MARGIN* 2.4% (6.2%) *Results are shown on an adjusted basis for the 13 weeks ended May 3, 202

  10. Slide 10: Balance Sheet Summary (unaudited)

    Balance Sheet Summary (unaudited) ASSETS (In thousands) May 2, 2026 January 31, 2026 May 3, 2025 Cash and cash equivalents $ 103,286 $ 238,923 $ 87,853 Merchandise inventory 816,666 701,966 645,062 Accounts receivable, net 200,781 258,624 228,561 Prepaid expenses 94,383 93,231 103,466 Other current

  11. Slide 11: Revenue by Segment (unaudited)

    Revenue by Segment (unaudited) 13 weeks ended (In thousands) May 2, 2026 May 3, 2025 Net Revenue: American Eagle $ 678,476 $ 693,865 Aerie 480,826 359,788 Other 35,983 43,970 Intersegment Elimination - (8,024) Total Net Revenue $ 1,195,285 $ 1,089,599

  12. Slide 12: Statement of Operations Summary-GAAP Basis (unaudited)

    Statement of Operations Summary-GAAP Basis (unaudited) 13 Weeks Ended (In thousands, except per share amounts) May 2, 2026 % of Revenue May 3, 2025 % of Revenue Total net revenue $1,195,285 100.0% $1,089,599 100.0% Cost of sales, including certain buying, occupancy and warehousing expenses 739,113 6

  13. Slide 13: GAAP to Non-GAAP Reconciliation (unaudited)

    GAAP to Non-GAAP Reconciliation (unaudited) 13 Weeks Ended May 3, 2025 Income Tax Effective Tax Net Loss Earnings per Diluted (in thousands, except per share amounts) Operating Loss Benefit Rate attributable to AEO Share GAAP Basis $ (85,181) $ (19,712) 23.2% $ (64,899) $ (0.36) % of Revenue (7.8)%

  14. Slide 14: Real Estate Highlights

    Real Estate Highlights

  15. Slide 15: 1Q Real Estate Summary (unaudited)

    1Q Real Estate Summary (unaudited) Consolidated stores at beginning of period 1,168 Consolidated stores opened during the period AE Brand (1) 3 Aerie (incl. OFFL/NE) (2) 3 Todd Snyder - Unsubscribed - (1) AE Brand includes AE stand alone locations, AE/Aerie side-by side locations, AE/OFFL/NE side-by

  16. Slide 16: Historical Quarterly Store Data by Brand (unaudited)

    Historical Quarterly Store Data by Brand (unaudited) Store Counts Sqft By Brand Aerie & AE SA Aerie SA Off/ine SA AE / Aerie SBS AE / Off/ine SBS AE / Aerie / Off/ine SBSBS Aerie / Off/ine SBS Total Stores (1) AE Offline Weighted Weighted Weighted Weighted Weighted Weighted Weighted Weighted Weighte

  17. Slide 17: Historical Financials

    Historical Financials

  18. Slide 18: Historical Financial Information - GAAP Basis (unaudited)

    Historical Financial Information - GAAP Basis (unaudited) Fiscal 2025 Fiscal 2026 (In thousands, except per share amounts and store counts) 2021 2022 2023* 2024 Q1 Q2 Q3 Q4 2025 Q1 Total net revenue $5,010,785 $4,989,833 $5,261,770 $5,328,652 $1,089,599 $1,283,675 $1,362,701 $1,760,834 $5,547,236 $1

  19. Slide 19: Description of guidance terms and percentage ranges

    DESCRIPTION Flat Slight Low Single Digits Mid Single Digits High Single Digits Low Double Digits Low Teens Mid Teens High Teens Low Twenties Mid Twenties High Twenties % RANGE 0.00% 0.1-0.9% 1.0-3.3% 3.4-6.6% 6.7-9.9% 10.0-12.9% 13.0-13.3% 13.4-16.6% 16.7-19.9% 20.0-23.3% 23.4-26.6% 26.7-29.9%

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