American Eagle Outfitters (AEO) Announces $200M Share Buyback

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AEO Inc. Announces $200 Million Accelerated Share Repurchase Program

March 17, 2025 8:30 AM EDT

PITTSBURGH--(BUSINESS WIRE)-- American Eagle Outfitters Inc. (NYSE: AEO) today announced that it has entered into an accelerated share repurchase agreement (ASR) with Bank of America, N.A. to repurchase $200 million of its common stock. This equates to approximately 18.1 million shares, at the closing price on March 14, 2025 and represents approximately 9.5% of the companys fully diluted outstanding stock. The company intends to complete the ASR in connection with its existing share repurchase authorization of 68.5 million shares.

We are pleased to announce an accelerated share repurchase program, which reflects our strong capital position and... More