American Eagle Outfitters, Inc. · NYSE:AEO

American Eagle Outfitters — Q2 2025 Earnings Presentation

19 slides from American Eagle Outfitters's earnings presentation, Sep 3, 2025

  1. Slide 1: Second Quarter 2025 Investor Presentation

    SECOND QUARTER 2025 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 be

  3. Slide 3: Non-GAAP Measures

    Non-GAAP Measures This presentation includes information on non-GAAP financial measures (“non-GAAP” or “adjusted”), including operating income, net income and net income per diluted share. These financial measures are not based on any standardized methodology prescribed by U.S. generally accepted acco

  4. Slide 4: We were pleased to see an improvement in the business during the second quarter

    “We were pleased to see an improvement in the business during the second quarter driven by higher demand, lower promotions and well managed expenses, all of which exceeded our expectations. The actions we have taken to better align inventory and strengthen execution laid the groundwork for our resul

  5. Slide 5: Our Core Brands

    Our Core Brands Seeded from Within, Set Up For Success 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, Aug 2024 – Jul 2025

  6. Slide 6: Second Quarter 2025 Results

    Second Quarter 2025 Results -1% $103M Comp Operating Income Operating income of $103 million increased 2% on revenue of $1.28 billion Year-to-date share repurchases total -3% +3% $231 million, reducing shares by 20 million Comp Comp +15% $171.6M EPS $0.45 Diluted Shares

  7. Slide 7: 2025 Outlook

    2025 Outlook 3Q25 4Q25 Fiscal 25 Approximately COMPARABLE SALES Up Low Single Digit Up Low Single Digit Flat GROSS MARGIN Down YoY Down YoY Down YoY Dollars Up High Dollars Flat to Down Slight SG&A Dollars Up YoY Single Digit YoY Approximately Approximately Approximately D&A $54 Million $56 Million

  8. Slide 8: Appendix

    Appendix

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

    Key Highlights (unaudited) SECOND QUARTER 2025 2024 TOTAL NET REVENUE CHANGE (1%) 8% COMPARABLE SALES GROWTH (1%) 4% GROSS MARGIN 38.9% 38.6% SELLING, GENERAL & ADMINISTRATIVE EXPENSES 26.7% 26.7% OPERATING MARGIN 8.0% 7.8% Inventory Data (unaudited) (In thousands) August 2, 2025 August 3, 2024 ENDI

  10. Slide 10: Balance Sheet Summary (unaudited)

    Balance Sheet Summary (unaudited) ASSETS (In thousands) August 2, 2025 February 1, 2025 August 3, 2024 Cash and cash equivalents $ 126,780 $ 308,962 $ 191,837 Short-term investments — 50,000 — Merchandise inventory 718,337 636,655 663,659 Accounts receivable, net 237,355 262,365 231,750 Prepaid expe

  11. Slide 11: Revenue by Segment (unaudited)

    Revenue by Segment (unaudited) 13 Weeks Ended 26 Weeks Ended (In thousands) August 2, 2025 August 3, 2024 August 2, 2025 August 3, 2024 Net Revenue: American Eagle $ 800,406 $ 827,638 $ 1,494,271 $ 1,552,382 Aerie 429,084 415,646 788,872 788,298 Other 61,523 57,457 105,494 112,441 Intersegment Elimi

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

    Statement of Operations Summary-GAAP Basis (unaudited) 13 Weeks Ended (In thousands) August 2, 2025 % of Revenue August 3, 2024 % of Revenue Total net revenue $1,283,675 100.0% $1,291,058 100.0% Cost of sales, including certain buying, occupancy and warehousing expenses 783,713 61.1% 792,162 61.4% G

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

    GAAP to Non-GAAP Reconciliation (unaudited) 26 Weeks Ended August 2, 2025 Income Tax Operating Income Net Income Earnings per Diluted Share (In thousands, except per share amounts) Benefit GAAP Basis $ 17,903 $ 3,992 $ 12,734 $ 0.07 % of Revenue 0.8% 0.5% Add: Impairment and restructuring charges¹ 1

  14. Slide 14: Real Estate Highlights

    Real Estate Highlights

  15. Slide 15: 2Q Real Estate Summary (unaudited)

    2Q Real Estate Summary (unaudited) Consolidated stores at beginning of period 1,176 Consolidated stores opened during the period AE Brand (1) 2 Aerie (incl. OFFL/NE) (2) 6 Todd Snyder 3 Unsubscribed 1 (1) AE Brand includes AE stand alone locations, AE/Aerie side-by side locations, AE/OFFL/NE Consoli

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

    Historical Quarterly Store Data by Brand (unaudited) Store Counts Sqft By Brand 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 Aerie & 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 2024 Fiscal 2025 (In thousands, except per share amounts and store counts) 2020 2021 2022 2023* Q1 Q2 Q3 Q4 2024 Q1 Q2 Total net revenue $3,759,113 $5,010,785 $4,989,833 $5,261,770 $1,143,867 $1,291,058 $1,289,094 $1,604,633 $5,328,652

  19. Slide 19: Outlook description to percentage range definitions

    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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