American Eagle Outfitters (AEO) Raises 2023 Financial Targets

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American Eagle Outfitters Raises 2023 Financial Targets, Taking Operating Income to $800 Million Reflecting Outstanding Execution On Real Power. Real Growth. Plan; 2021 Operating Income On-Track to $6

January 11, 2022 8:00 AM EST

AEO on track to achieve $600 million in operating income in 2021, surpassing 2023 operating income and margin goals two years ahead of schedule New targets reflect $5.8 billion in revenue; 13.5% operating margin; and $800 million in operating income -- a 26% CAGR from 2019-2023 Aeries powerful brand platform targeted to reach $2 billion+ in 2023 American Eagle to leverage structural profit improvements, leading brand position and expanding customer base

PITTSBURGH--(BUSINESS WIRE)-- After strong holiday sales, American Eagle Outfitters, Inc. (NYSE: AEO) is on track to... More