American Eagle Outfitters (AEO) Reinstates $0.1375 Quarterly Dividend; 2.2% Yield

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Go back to American Eagle Outfitters (AEO) Reinstates $0.1375 Quarterly Dividend; 2.2% Yield

American Eagle Outfitters Reports Fourth Quarter Results

March 3, 2021 4:15 PM EST

Aerie revenue up 25%, comp sales up 29%

Digital revenue increased 35%, with Aerie up 75% and AE up 20%

Gross margin expanded 300 basis points, due to higher full-price sales and reduced promotions

Strong liquidity -- reinstating quarterly cash dividend at $0.1375 per share

PITTSBURGH--(BUSINESS WIRE)-- American Eagle Outfitters, Inc. (NYSE: AEO) today reported GAAP operating income of $4 million for the quarter ended January 30, 2021, compared to $0.5 million for the quarter ended February 1, 2020. Adjusted operating income of $106 million compared to $77 million in last years... More