American Eagle Outfitters’ (AEO) gross revenue of $552m rose 5% from $527m final yr. The gross margin of 40.5% declined 40 foundation factors to final yr. The web tariff impression was $20m or 150 foundation factors to gross margin. Increased markdowns had been largely offset by optimistic gross sales and decrease prices, together with favorability in freight.
Working revenue elevated from $106m to $112m whereas web revenue elevated to $91m from $80m.
“I’m extraordinarily happy with the numerous pattern change throughout our enterprise reflecting decisive steps taken from merchandising to advertising to operations—all having a optimistic impression. Document third quarter income was highlighted by Aerie’s double-digit comparable gross sales enhance and optimistic progress at American Eagle, contributing to outcomes that exceeded expectations,” commented Jay Schottenstein, government chairman of the board and chief government officer, AEO Inc.
“Robust momentum has continued into the fourth quarter, together with a wonderful begin to the vacation season. We delivered a record-breaking Thanksgiving weekend, led by an acceleration in demand throughout manufacturers and channels and underscored by excellent progress at Aerie and Offline. We’re targeted on ending the season robust and sustaining our success into 2026 and past,” he concluded.
Primarily based on stronger gross sales tendencies, the corporate is elevating its fourth quarter working revenue steering to $155 to $160m primarily based on comparable gross sales within the vary of optimistic 8% to 9% with related progress for complete income.
The earlier fourth quarter steering of working revenue of $125m to $130m was primarily based on comparable gross sales within the optimistic low single digits. For the yr, adjusted working revenue steering rises to $303m to $308m, with comparable gross sales within the low single digits from prior steering of adjusted working revenue of $255m to $265m on flat comparable gross sales.
“AEO stories Q3 gross sales, revenue spike” was initially created and revealed by Simply Type, a GlobalData owned model.
The data on this website has been included in good religion for common informational functions solely. It isn’t supposed to quantity to recommendation on which it’s best to rely, and we give no illustration, guarantee or assure, whether or not categorical or implied as to its accuracy or completeness. It’s essential to receive skilled or specialist recommendation earlier than taking, or refraining from, any motion on the idea of the content material on our website.
