American Eagle Outfitters (AEO) Misses Q3 EPS by 10c, Pauses Dividend

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Go back to American Eagle Outfitters (AEO) Misses Q3 EPS by 10c, Pauses Dividend

AEO Inc. Reports Second Quarter 2022 Results. Expanding Actions to Strengthen Financial Performance

September 7, 2022 4:15 PM EDT

Second quarter results impacted by challenging consumer backdrop Expanding scope of expense and capital expenditure reductions Significant progress made on right-sizing inventory Pausing quarterly cash dividend to provide additional financial flexibility

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

This is an unprecedented time in retail. As we cycle exceptional demand from last year, a tougher macro environment is impacting consumer spending behavior. Second quarter performance... More