American Eagle Outfitters : Q4 2024 American Eagle Outfitters Earnings Conference Call

Published: 2025-03-12 16:24:15 ET AEO

FOURTH QUARTER & FISCAL YEAR 2024

Investor Presentation

Non-GAAP Measures

This presentation includes operating income presented on an adjusted or non-GAAP basis, which is a non-GAAP financial measure. This financial measure is not based on any standardized methodology prescribed by GAAP and is not necessarily comparable to similar measures presented by other companies. Non-GAAP information is provided as a supplement to, not as a substitute for, or as superior to, measures of financial performance prepared in accordance with GAAP. We believe that this non-GAAP information is useful as an additional means for investors to evaluate our operating performance when reviewed in conjunction with our GAAP Consolidated Financial Statements and provides a higher degree of transparency. These amounts are not determined in accordance with GAAP and, therefore, should not be used exclusively in evaluating our business and operations. The tables included in this release reconcile the GAAP financial measures to the non-GAAP financial measures discussed above for the 52 weeks ended February 1, 2025 and 13 and 53 weeks ended February 3, 2024

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"2024 demonstrated significant progress on our Powering Profitable Growth Plan. The team delivered strong operating profit growth with positive momentum across our brands and channels as well as disciplined expense management and operating efficiencies."

"Entering 2025, the first quarter is off to a slower start than expected, reflecting less robust demand and

colder weather. While we anticipate improvement as the Spring season gets underway, we are also taking

proactive steps to strengthen the top-line, manage inventory and reduce expenses. As we navigate

through an uncertain consumer and operating landscape, we will also remain focused on our long-term strategic

priorities."

Jay Schottenstein

AEO's Executive Chairman of the Board and Chief Executive Officer

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Rankings reflect U.S. Market Only; Source: Circana, LLC, Retail Tracking Service, US, Jeans, Wearer Age: 15 - 25; Women's Leggings, Activewear, & Intimates, Wearer Age: 15 - 35; Dollar Share, Feb 2023 - Jan 2025

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A Successful First Year of Powering Profitable Growth

Strong 4Q Results, Exceeding Guidance

Record Holiday sales; +3% comps

+1%

+6%

Adj. Operating Margin +50 bps to 8.9%(1)

Comp Growth

Comp Growth

Successful First Year of Powering Profitable Growth

Record revenue; +4% comps

Adj. Operating Income +19% to $445 million(1)

+3%

+5%

Adj. Operating Margin +120 bps to 8.3%(1)

Comp Growth

Comp Growth

$287M cash returned through share repurchases

and dividends

(1) Results are shown on an adjusted basis. See accompanying tables for a reconciliation of GAAP to non-GAAP results for fourth quarter fiscal 2023 and full year Fiscal 2023 and Fiscal 2024.

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2024 Wins

AE Women's Strength

OFFLINE Expansion Successful

Aerie Apparel Growth

Growth Across Brands and Channels

Record Customer Count

Created Savings and Efficiencies

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Fiscal 2024 Comps +4%(1), Adj. Operating Income +19%

52 weeks ended February 1, 2025 compared to 53 weeks ended February 3, 2024

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Fourth Quarter 2024 Comps

13 weeks ended February 1, 2025 compared to 14 weeks ended February 3, 2024

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Disclaimer

American Eagle Outfitters Inc. published this content on March 12, 2025, and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on March 12, 2025 at 20:23:49.826.