American Eagle Outfitters (AEO) Tops Q1 EPS by 3c
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American Eagle Outfitters Reports Record First Quarter Revenue and Operating Income, Exceeding Expectations with Positive Growth Across Brands -- Results Reflect Excellent Execution on the “Real Pow
May 26, 2021 4:15 PM EDTFirst quarter 2021 compared to first quarter 2019:
Business accelerated across brands, delivering all-time high first quarter revenue of $1.03 billion; and record operating income of $133 million, rising 177% from operating income of $48 million Strong full-priced sales fueled gross margin expansion of 550 basis points to 42.2% Aerie revenue rose 89%; operating income up 747% reflecting an operating margin of 23.5% American Eagle revenue up slightly; operating income up 39% reflecting an operating margin of 20.8% Digital momentum continued with revenue up 57% including Aerie up 158% and AE up 20% Second quarter-to-date business momentum has... More