American Eagle Outfitters (AEO) Misses Q1 EPS by 10c, Updates Guidance

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Go back to American Eagle Outfitters (AEO) Misses Q1 EPS by 10c, Updates Guidance

AEO Inc. Reports First Quarter 2022 Results

May 26, 2022 4:15 PM EDT

Shifting macro combined with difficult compares proved challenging Sales miss resulted in operating profit and margin below expectations Taking swift measures to reset inventory and expense plans for second half to better align with consumer demand Brands remain strong with performance continuing to reflect structural improvements compared to pre-pandemic 2019

PITTSBURGH--(BUSINESS WIRE)-- American Eagle Outfitters, Inc. (NYSE: AEO) today announced financial results for the first quarter ended April 30, 2022.

The first quarter proved challenging, with demand well below our... More