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AEO

American Eagle Outfitters, Inc.

AEO

American Eagle Outfitters, Inc. • NYSE
$20.40 ▲ 0.69% (+0.14)
Market Cap $3.45 B
52w High $20.65
52w Low $9.27
Dividend Yield 0.50%
P/E 20
Volume 3.58M
Outstanding Shares 169.34M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $1.284B ▲ $342.211M ▲ $77.633M ▲ 6.048% ▲ $0.45 ▲ $162.166M ▲
Q1-2025 $1.09B ▼ $338.786M ▼ $-64.899M ▼ -5.956% ▼ $-0.36 ▼ $-31.104M ▼
Q4-2024 $1.605B ▲ $401.628M ▲ $104.346M ▲ 6.503% ▲ $0.54 ▲ $204.78M ▲
Q3-2024 $1.289B ▼ $351.38M ▲ $80.019M ▲ 6.207% ▲ $0.42 ▲ $161.99M ▲
Q2-2024 $1.291B $345.313M $77.264M 5.985% $0.4 $158.221M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $126.78M ▲ $4.061B ▲ $2.516B ▲ $1.545B ▲
Q1-2025 $87.853M ▼ $3.767B ▼ $2.293B ▲ $1.474B ▼
Q4-2024 $358.962M ▲ $3.831B ▲ $2.064B ▲ $1.767B ▲
Q3-2024 $160.195M ▼ $3.736B ▲ $1.99B ▲ $1.747B ▲
Q2-2024 $191.837M $3.54B $1.846B $1.694B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $77.633M ▲ $27.813M ▲ $-62.28M ▼ $71.433M ▲ $38.927M ▲ $89.419M ▲
Q1-2025 $-64.899M ▼ $-54.672M ▼ $-11.833M ▲ $-154.134M ▼ $-221.109M ▼ $-116.278M ▼
Q4-2024 $104.346M ▲ $383.753M ▲ $-151.457M ▼ $-83.901M ▼ $148.767M ▲ $318.883M ▲
Q3-2024 $80.02M ▲ $52.905M ▼ $-60.724M ▲ $-23.508M ▲ $-31.642M ▲ $-7.818M ▼
Q2-2024 $77.262M $78.251M $-64.55M $-120.286M $-108.681M $17.515M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Aerie Brand
Aerie Brand
 $410.00M ▲$540.00M ▲$360.00M ▼$430.00M ▲
American Eagle Brand
American Eagle Brand
 $830.00M ▲$1.00Bn ▲$690.00M ▼$800.00M ▲
Corporate NonSegment
Corporate NonSegment
 $60.00M ▲$70.00M ▲$40.00M ▼$60.00M ▲
Intersegment Eliminations
Intersegment Eliminations
 $-10.00M ▲$-10.00M ▲$-10.00M ▲$-10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown meaningfully from pre‑pandemic levels and has been generally stable to slightly rising over the last few years. Profitability, however, has been more up‑and‑down: margins peaked right after the pandemic rebound, then were squeezed by higher costs and promotions, and now appear to be recovering. Recent results show healthier operating and net income than the prior couple of years, though still not as strong as the post‑reopening surge. Overall, the trend points to a business that has stabilized sales and is working its way back to stronger, but not yet peak, profitability.

Balance Sheet

Balance Sheet The balance sheet looks reasonably solid for a retailer. Total assets have inched up, suggesting steady reinvestment in the business. Debt came up during and after the pandemic but has been managed down from its highs, with a modest uptick more recently. Equity has built steadily, which indicates cumulative value creation over time. Cash on hand is lower than in the pandemic period—when liquidity was deliberately high—but still provides some flexibility. The structure suggests a balanced use of leverage rather than an overly stretched position, though continued discipline will matter if the consumer environment weakens.

Cash Flow

Cash Flow Cash generation has improved over the five‑year period. Operating cash flow has strengthened as the business normalized, showing that earnings are largely supported by real cash. Free cash flow turned consistently positive and has grown compared with the earlier years, even after increased investment in stores, logistics, and technology. Capital spending has been elevated but still covered by cash from operations, which is important for funding growth and upgrades without over‑relying on borrowing. The main watchpoint is maintaining this cash discipline if margins come under renewed pressure.

Competitive Edge

Competitive Edge American Eagle Outfitters competes in a tough, fashion‑driven, promotional market, yet it has carved out clear niches. The core American Eagle brand remains a go‑to name in denim for younger shoppers, while Aerie has become a standout growth engine in intimates and loungewear, built on a message of inclusivity and body positivity. This brand authenticity, combined with a strong omnichannel setup—stores tightly integrated with digital—gives AEO some insulation against pure online and fast‑fashion rivals. At the same time, the company is still exposed to shifts in youth trends, heavy discounting across the sector, and broader economic slowdowns.

Innovation and R&D

Innovation and R&D For an apparel retailer, AEO is leaning unusually hard into technology and operations. Its acquisitions in logistics have created a more advanced, faster supply chain designed to keep inventory closer to customers and lower fulfillment costs. In stores, interactive fitting rooms and mobile checkout aim to reduce friction and make shopping more engaging. Online and marketing efforts increasingly use data and AI to personalize outreach and optimize media spending. Layered on top are sustainability initiatives and the “Real Good” line, which can deepen loyalty with more environmentally conscious customers. The opportunity is to turn these efforts into lasting margin and growth advantages, but execution risk remains—especially as competitors adopt similar tools.

Summary

AEO today looks like a mature retailer with stable sales, improving but still cyclical profitability, and a reasonably sound financial foundation. The company’s standout strengths are its dual‑brand portfolio (American Eagle and Aerie), its deep connection with younger consumers, and a more modern, tech‑enabled supply chain and shopping experience. Financially, it has moved from pandemic stress to consistent cash generation and gradual balance sheet strengthening, while still carrying a noticeable but manageable level of debt. Key uncertainties include the durability of recent margin improvements, the impact of economic slowdowns on discretionary teen and young‑adult spending, and the company’s ability to fully realize the benefits of its “Powering Profitable Growth” strategy. Overall, it appears positioned as a competitively relevant player in apparel retail, with meaningful upside if execution stays tight and consumer demand cooperates, but with the typical sensitivity to fashion cycles and macro conditions that characterizes the sector.

NEWS

November 10, 2025 · 9:00 AM UTC

AEO Inc. to Report Third Quarter Fiscal 2025 Results on December 2, 2025

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October 30, 2025 · 5:40 PM UTC

S4 Capital's Monks Launches White Paper "Owning the Answer: The Marketer's Playbook for AEO, GEO and the AI Search Era"

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September 16, 2025 · 5:00 PM UTC

AEO Inc. Declares a Regular Quarterly Dividend of $0.125 Per Share

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