American Eagle Outfitters, Inc. (NYSE:AEO) Q2 2023 Earnings Conference Call September 6, 2023 4:30 PM ET Company Participants Judy Meehan - SVP of Corporate Communications and IR Jay Schottenstein - Executive Chairman and CEO Jen Foyle - President and Executive Creative Director, AE & Aerie Michael Rempell - COO Mike Mathias - CFO Conference Call Participants Jay Sole - UBS Adrienne Yih - Barclays Matthew Boss - JPMorgan Paul Lejuez - Citi Jonna Kim - TD Cowen Corey Tarlowe - Jefferies Janet Joseph Kloppenb ...

SECOND QUARTER 2023 Investor Presentation Safe Harbor Statement Under The Private Securities Litigation Reform Act Of 1995 This release and related statements by management contain forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995), which represent our expectations or beliefs concerning future events, including third quarter and fiscal year 2023 results. All forward-looking statements made by the company involve material risks and uncertainties and a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 29, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 1-33338 American Eagle Outfitters, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 77 Hot Metal Street ...

American Eagle Outfitters, Inc. (NYSE:AEO) Q1 2023 Earnings Conference Call May 24, 2023 4:30 PM ET Company Participants Judy Meehan - Senior Vice President of Corporate Communications & Investor Relations Jay Schottenstein - Executive Chairman & Chief Executive Officer Jen Foyle - President & Executive Creative Director, AE & Aerie Michael Rempell - Chief Operating Officer Mike Mathias - Chief Financial Officer Conference Call Participants Paul Lejuez - Citibank Jay Sole - UBS Amanda Douglas - JPMorgan Adr ...

FIRST QUARTER 2023 Investor Presentation Safe Harbor Statement Under The Private Securities Litigation Reform Act Of 1995 This release and related statements by management contain forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995), which represent our expectations or beliefs concerning future events, including second quarter and fiscal year 2023 results. All forward-looking statements made by the company involve material risks and uncertainties and a ...

PART I - FINANCIAL INFORMATION [Forward Looking Statements](index=3&type=section&id=Forward%20Looking%20Statements) The company outlines its Fiscal 2023 plans and highlights significant risks from economic conditions and competition - Fiscal 2023 plans include opening approximately **20-30 Aerie locations** and **5-15 American Eagle stores**, while closing **20-40 American Eagle stores**[7](index=7&type=chunk) - The company identifies significant business risks, including global economic conditions and their impact on discretionary consumer spending[7](index=7&type=chunk) - Other major risks include anticipating fashion trends, intense competition, supply chain disruptions, and inventory management failures[7](index=7&type=chunk)[8](index=8&type=chunk) [Financial Statements](index=6&type=section&id=Item%201.%20Financial%20Statements) This section presents the unaudited consolidated financial statements for the quarterly period ended April 29, 2023 [Consolidated Balance Sheets](index=6&type=section&id=Consolidated%20Balance%20Sheets) Total assets decreased to **$3.37 billion** while stockholders' equity increased to **$1.62 billion** year-over-year Consolidated Balance Sheet Summary (in thousands) | Account | April 29, 2023 | April 30, 2022 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $117,841 | $228,775 | | Merchandise inventory | $624,851 | $682,100 | | Total current assets | $1,129,501 | $1,280,539 | | Total assets | $3,373,894 | $3,701,518 | | **Liabilities & Equity** | | | | Total current liabilities | $716,437 | $737,479 | | Long-term debt, net | $30,225 | $405,807 | | Total liabilities | $1,754,878 | $2,318,512 | | Total stockholders' equity | $1,619,016 | $1,383,006 | [Consolidated Statements of Operations](index=7&type=section&id=Consolidated%20Statements%20of%20Operations) Net revenue slightly increased to **$1.08 billion**, but net income fell to **$18.5 million** due to an impairment charge Q1 2023 vs. Q1 2022 Statement of Operations (in thousands, except per share data) | Metric | 13 Weeks Ended April 29, 2023 | 13 Weeks Ended April 30, 2022 | | :--- | :--- | :--- | | Total net revenue | $1,080,926 | $1,055,037 | | Gross profit | $413,179 | $388,026 | | Impairment, restructuring and other charges | $21,275 | $0 | | Operating income | $22,831 | $41,902 | | Net income | $18,453 | $31,740 | | Diluted net income per common share | $0.09 | $0.16 | [Consolidated Statements of Cash Flows](index=10&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Net cash used for operating activities improved significantly to **($8.2 million)** from **($108.2 million)** year-over-year Cash Flow Summary (in thousands) | Activity | 13 Weeks Ended April 29, 2023 | 13 Weeks Ended April 30, 2022 | | :--- | :--- | :--- | | Net cash used for operating activities | ($8,216) | ($108,247) | | Net cash used for investing activities | ($46,020) | ($58,660) | | Net cash provided by (used for) financing activities | $1,908 | ($38,355) | | **Net change in cash and cash equivalents** | **($52,368)** | **($205,995)** | [Notes to Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) Notes detail the redemption of convertible notes, segment performance, and a **$21.3 million** impairment charge - The company operates under two main reportable segments: **American Eagle® (AE)** and **Aerie®**[22](index=22&type=chunk)[27](index=27&type=chunk)[77](index=77&type=chunk) - During Q1 2023, the company **fully redeemed** its remaining outstanding 2025 Convertible Senior Notes[94](index=94&type=chunk)[100](index=100&type=chunk)[101](index=101&type=chunk) Segment Revenue (in thousands) | Segment | 13 Weeks Ended April 29, 2023 | 13 Weeks Ended April 30, 2022 | | :--- | :--- | :--- | | American Eagle | $671,092 | $685,579 | | Aerie | $359,082 | $321,712 | | Corporate and Other | $50,752 | $47,746 | | **Total net revenue** | **$1,080,926** | **$1,055,037** | Impairment & Restructuring Charges Q1 2023 (in thousands) | Charge Type | Amount | | :--- | :--- | | Long-lived asset impairment charges | $10,759 | | Employee related costs | $5,592 | | Other commercial related charges | $4,924 | | **Total** | **$21,275** | [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=26&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses a **2% revenue increase**, improved gross margin, and an operating income decline due to impairment [Results of Operations](index=28&type=section&id=Results%20of%20Operations) Q1 2023 net revenue rose **2%** driven by Aerie, while net income fell due to a **$21.3 million** impairment charge Brand Revenue Performance - Q1 2023 vs Q1 2022 (in millions) | Brand | Q1 2023 Revenue | Q1 2022 Revenue | Change | | :--- | :--- | :--- | :--- | | American Eagle | $671.1 | $685.6 | (2.1%) | | Aerie | $359.1 | $321.7 | +11.6% | - Gross profit margin increased to **38.2%** from 36.8% year-over-year, driven by lower inbound transportation costs[144](index=144&type=chunk) - The company recorded a **$21.3 million** impairment and restructuring charge related to Quiet Platforms, impacting income[149](index=149&type=chunk) - Net income per diluted share was **$0.09**, which included an **$0.08 per share impact** from the impairment charge[136](index=136&type=chunk)[155](index=155&type=chunk) [Liquidity and Capital Resources](index=31&type=section&id=Liquidity%20and%20Capital%20Resources) The company held **$117.8 million** in cash, with **$45.9 million** in Q1 capital expenditures and a paid quarterly dividend Liquidity Measures | Metric | April 29, 2023 | April 30, 2022 | | :--- | :--- | :--- | | Working Capital (in thousands) | $413,064 | $543,060 | | Current Ratio | 1.58 | 1.74 | - Capital expenditures for Q1 2023 were **$45.9 million**, primarily for store investments ($21.6M) and IT initiatives ($17.2M)[168](index=168&type=chunk) - The company paid a quarterly cash dividend of **$0.10 per share** on April 21, 2023[172](index=172&type=chunk) - As of April 29, 2023, the company had **$30.0 million** in borrowings under its revolving credit facility and the 2025 Senior Notes were fully redeemed[159](index=159&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=33&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company's primary market risk exposure is from foreign exchange fluctuations, which remains unchanged from Fiscal 2022 - The company is primarily exposed to foreign exchange rate risk through its operations in Canada (Canadian dollar) and Mexico (Mexican peso)[175](index=175&type=chunk) - An unrealized gain of **$5.9 million** related to foreign currency translation was included in accumulated other comprehensive income[175](index=175&type=chunk) [Controls and Procedures](index=34&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective with no material changes to internal controls - The principal executive officer and principal financial officer concluded that the company's disclosure controls and procedures were **effective**[178](index=178&type=chunk) - **No changes** in internal control over financial reporting occurred during the most recent fiscal quarter that have materially affected these controls[179](index=179&type=chunk) PART II - OTHER INFORMATION [Legal Proceedings](index=35&type=section&id=Item%201.%20Legal%20Proceedings) Pending legal matters are not expected to have a material adverse effect on the company's financial position - The company states that it does not anticipate the outcome of any currently pending legal matters to **materially affect** its consolidated financial position[115](index=115&type=chunk)[181](index=181&type=chunk) [Risk Factors](index=35&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the risk factors disclosed in the Fiscal 2022 Form 10-K - There have been **no material changes** to the risk factors previously disclosed in the Fiscal 2022 Form 10-K[183](index=183&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=35&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company repurchased **0.7 million shares** for employee tax payments, with **13.0 million shares** remaining for repurchase Issuer Purchases of Equity Securities (Q1 2023) | Period | Total Shares Purchased | Average Price Paid Per Share | Shares Purchased as Part of Publicly Announced Program | | :--- | :--- | :--- | :--- | | Month 1 | 155,569 | $16.25 | — | | Month 2 | 504,683 | $13.24 | — | | Month 3 | 80,177 | $13.68 | — | | **Total** | **740,429** | **$13.92** | **—** | - **No shares were repurchased** as part of the publicly announced share repurchase program during the quarter[171](index=171&type=chunk)[184](index=184&type=chunk) - As of April 29, 2023, **13.0 million shares** remained available for repurchase under the current authorization[170](index=170&type=chunk)[184](index=184&type=chunk) [Exhibits](index=36&type=section&id=Item%206.%20Exhibits) This section lists filed exhibits, including CEO/CFO certifications and financial statements in inline XBRL format - Key exhibits filed include **certifications by the CEO and CFO** pursuant to Sarbanes-Oxley Act rules[187](index=187&type=chunk) - The report includes financial data formatted in **inline eXtensible Business Reporting Language (XBRL)**[187](index=187&type=chunk)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 28, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 1-33338 AMERICAN EAGLE OUTFITTERS, INC. (Exact name of registrant as specified in its charter) Delaware 13-2721761 (State or other jurisdiction of (I.R.S. Employer Identification No. ...

American Eagle Outfitters, Inc. (NYSE:AEO) Q4 2022 Earnings Conference Call March 1, 2023 4:30 PM ET Company Participants Judy Meehan - Senior Vice President of Corporate Communications & Investor Relations Jay Schottenstein - Executive Chairman & Chief Executive Officer Jen Foyle - President & Executive Creative Director, AE & Aerie Michael Rempell - Chief Operating Officer Mike Mathias - Chief Financial Officer Conference Call Participants Jay Sole - UBS Matthew Boss - JPMorgan Paul Lejuez - Citibank Adri ...

American Eagle Outfitters, Inc. (NYSE:AEO) Q3 2022 Results Conference Call November 22, 2022 11:00 AM ET Company Participants Judy Meehan - SVP, Corporate Communications and IR Jay Schottenstein - Executive Chairman and CEO Jen Foyle - President, Executive Creative Director, AE & Aerie Michael Rempell - COO Mike Mathias - CFO Conference Call Participants Matthew Boss - JP Morgan Jay Sole - UBS Paul Lejuez - Citi Janet Kloppenburg - JJK Research Associates Dana Telsey - Telsey Advisory Group Adrienne Yih - B ...