American Eagle Outfitters, Inc. · NYSE:AEO

American Eagle Outfitters — Q2 2026 Earnings Presentation

17 slides from American Eagle Outfitters's earnings presentation, Sep 9, 2026

  1. Slide 1: Second Quarter 2026 Investor Presentation

    SECOND 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 views, expectat

  3. Slide 3: The second quarter reflects the value of our AEO Inc. portfolio

    “The second quarter reflects the value of our AEO Inc. portfolio, led by the broad-based momentum of Aerie and OFFLINE, alongside encouraging progress at American Eagle. We continue to expand Aerie's reach and deepen brand awareness, leveraging authentic connections to attract new customers and fuel

  4. Slide 4: 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, 12 Mo. ending June 2026

  5. Slide 5: Second Quarter 2026 Results

    Second Quarter 2026 Results Second quarter revenue increases to $1.4 billion with total comparable sales up 6% +6% $211M Comp Operating Profit Aerie and OFFLINE total revenue grew 25% – including 19% comparable sales growth -1% +19% Comp Comp Updates fiscal 2026 operating income 170M guidance in the r

  6. Slide 6: Guidance

    Guidance 3Q26 Fiscal 2026 COMPARABLE SALES +Mid-to-High Single Digit +Mid-Single Digit GROSS MARGIN Flat YoY Up YoY SG&A +High-Single Digits +Low-Double Digits DEPRECIATION & $55 M Approximately $215 M AMORTIZATION OPERATING INCOME $110M to $115 M $540 to $550 M WEIGHTED AVERAGE Low 170 millions Low

  7. Slide 7: Appendix

    Appendix

  8. Slide 8: Key Highlights and Inventory Data (unaudited)

    Key Highlights (unaudited) SECOND QUARTER 2026 2025 TOTAL NET REVENUE CHANGE 8% (1%) COMPARABLE SALES GROWTH 6% (1%) GROSS MARGIN¹ 48.7% 38.9% SELLING, GENERAL & ADMINISTRATIVE EXPENSES 29.6% 26.7% OPERATING MARGIN² 15.3% 8.0% (1) Included in gross profit this year is a net benefit of $179 million rel

  9. Slide 9: Balance Sheet Summary (unaudited)

    Balance Sheet Summary (unaudited) ASSETS (In thousands) August 1, 2026 January 31, 2026 August 2, 2025 Cash and cash equivalents $ 147,954 $ 238,923 $ 126,780 Merchandise inventory 817,910 701,966 718,337 Accounts receivable, net 245,231 258,624 237,355 Prepaid expenses 103,331 93,231 167,295 Other

  10. Slide 10: Revenue by Segment (unaudited)

    Revenue by Segment (unaudited) 13 Weeks Ended For the 26 weeks ended (In thousands) August 1, 2026 August 2, 2025 August 1, 2026 August 2, 2025 Net Revenue: American Eagle $ 805,883 $ 800,406 $ 1,484,359 $ 1,494,271 Aerie 535,822 429,084 1,016,648 788,872 Other 38,670 61,523 74,653 105,494 Intersegm

  11. Slide 11: Statement of Operations Summary-GAAP Basis (unaudited)

    Statement of Operations Summary-GAAP Basis (unaudited) 13 Weeks Ended (In thousands, except per share amounts) August 1, 2026 % of Revenue August 2, 2025 % of Revenue Total net revenue $1,380,375 100.0% $1,283,675 100.0% Cost of sales, including certain buying, occupancy and warehousing expenses 708

  12. Slide 12: Real Estate Highlights

    Real Estate Highlights

  13. Slide 13: 2Q Real Estate Summary (unaudited)

    2Q Real Estate Summary (unaudited) Consolidated stores at beginning of period 1,170 Consolidated stores opened during the period AE Brand (1) - (1) AE Brand includes AE stand alone locations, Aerie (incl. OFFL/NE) (2) 2 AE/Aerie side-by side locations, AE/OFFL/NE Todd Snyder - side-by-side locations

  14. Slide 14: 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 Gross Weighted Gross Weighted Gross Weighted Gross Weighted Gross Weig

  15. Slide 15: Historical Financials

    Historical Financials

  16. Slide 16: 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 Q2 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

  17. Slide 17: Guidance Terminology Description and Percent 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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