American Eagle Outfitters Reports Non-GAAP EPS of $0.17 and Revenue of $1.1B, Beating Expectations by $30M
May 25, 2023
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American Eagle Outfitters ($NYSE:AEO) recently reported Non-GAAP EPS of $0.17 and revenue of $1.1B, beating expectations by $30M. This strong earnings report proves that American Eagle Outfitters is continuing to successfully navigate through the current challenging retail landscape. The company has stores throughout the United States, Canada, Mexico, Hong Kong, China, and the United Kingdom, as well as an online store at AEO.com.
The company’s impressive earnings beat demonstrates the strength of its core business and its commitment to delivering quality products and services to its customers. With its strong financial performance and future growth prospects, American Eagle Outfitters is well-positioned to continue providing value to its shareholders.
Earnings
American Eagle Outfitters, a retail apparel company, reported their fiscal year 2023 Q4 ending January 31 2023 earning report and beat expectations. Compared to the previous fiscal year, there was a 0.8% decrease in total revenue but an 8.2% increase in net income. Over the last 3 years, American Eagle Outfitters has seen their total revenue rise from 1292.29M USD to 1496.09M USD. With these promising financial results, American Eagle Outfitters is poised to have a successful year ahead.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for AEO. More…
| Total Revenues | Net Income | Net Margin |
| 4.99k | 125.14 | 2.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for AEO. More…
| Operations | Investing | Financing |
| 406.3 | -261.38 | -407.89 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for AEO. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.42k | 1.82k | 8.2 |
Key Ratios Snapshot
Some of the financial key ratios for AEO are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.0% | -5.0% | 5.2% |
| FCF Margin | ROE | ROA |
| 2.9% | 10.5% | 4.7% |
Stock Price
This exceeded analysts’ expectations by $30 million and the company’s own guidance by approximately $3 million. This strong performance propelled AEO stock to open at $12.4 and close at $12.1, representing an increase of 4.5% from the previous closing price of 11.6. The positive reaction to AEO’s report is a welcome sign for investors after a tumultuous period for the company. With the holiday season fast approaching, investors will be watching American Eagle Outfitters closely to see if they can continue to build on this momentum in the fourth quarter. Live Quote…
Analysis
At GoodWhale, we provide investors with the most comprehensive financial analysis and risk ratings of companies. We have taken a close look at the financials of AMERICAN EAGLE OUTFITTERS, and have given them a low risk rating in terms of both business and financial aspects. With GoodWhale, you can rest assured that the investments you make are well-informed and backed by reliable data. We invite you to register with us and check out the areas with potential risks for this company. We provide detailed reports on the company, which will give you an insight into their financials and business operations. Furthermore, our team of experts is always ready to answer your queries and guide you through your investment decisions. So, what are you waiting for? Register with GoodWhale now and get the best financial analysis of AMERICAN EAGLE OUTFITTERS! More…
Peers
American Eagle Outfitters Inc competes with Roots Corp, Aritzia Inc, and Zumiez Inc. for market share in the clothing retail industry. All four companies offer a variety of clothing and accessories for men, women, and children, but American Eagle Outfitters Inc has a few key differentiators. First, American Eagle Outfitters Inc operates more than 1,000 stores in the United States, compared to Roots Corp’s 85 stores, Aritzia Inc’s 97 stores, and Zumiez Inc’s 741 stores. Second, American Eagle Outfitters Inc’s product mix includes a larger proportion of private label merchandise than its competitors, which allows the company to control cost and maintain higher profit margins.
– Roots Corp ($TSX:ROOT)
Roots Corp is a Canadian retailer that specializes in selling outdoor lifestyle clothing and accessories. The company was founded in 1973 and today operates more than 120 stores across Canada. In addition to its retail stores, Roots also operates an online store and sells its products through wholesale channels.
Roots Corp has a market cap of 115.97M as of 2022. The company’s ROE for the same year is 12.62%.
– Aritzia Inc ($TSX:ATZ)
Aritzia Inc. is a Canadian women’s fashion retailer founded in 1984. The company operates over 80 stores across Canada and the United States under eight different banners. Aritzia offers a wide range of women’s clothing, accessories, and beauty products. The company has a market cap of 5.72B as of 2022 and a return on equity of 31.82%.
– Zumiez Inc ($NASDAQ:ZUMZ)
Zumiez Inc is a publicly traded company with a market capitalization of 407.32M as of 2022. The company has a strong return on equity of 16.06% and is involved in the retail industry. Zumiez Inc operates stores that sell apparel, footwear, and accessories for young men and women. The company’s focus is on action sports, such as skateboarding, snowboarding, and motocross.
Summary
As a result, the stock price moved up on the same day. Investors are optimistic about the company’s future performance with its focus on transitioning to an omni-channel business. The strong earnings report signals that American Eagle Outfitters has been successful in adapting to the changing market conditions, and is well positioned to continue growing its business.
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