But yes, I think the -- this is a different Company, a different focus. Compared to pre-pandemic 2019, total revenue increased 15% and brand revenue was up 12% or $130 million. And certainly, we are humble and we certainly pay attention to the new up-and-comers, Shein being one of them. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. I think its just based on their likes if you are looking at last year. So I think that's up and others, I think felt that in July, our business definitely accelerated into May and June and in the back half of July is, I think you can attribute it to a back-to-school shift. So, we are looking at spring as we speak. So were very confident in being double digit in the back half, and were looking forward to 23 already benefiting from all this growth, 30% plus square footage growth from these 100 locations and focusing on at least the mid-teen operating rate, if not better, in terms of how were setting up our plans for next year. Our brands are healthy and our business is resilient. It is, this past year, we talked about our notes, a couple of years ago, they came with the concept of show me that they thought the future, it looked like. And it will be launched for spring 2023.
American Eagle Outfitters, Inc. - Q2 2022 American Eagle Outfitters Inc Consistent with what others have said, we saw slowdown in demand this summer. As I've consistently highlighted, Aerie is now at an inflection point in its growth story with strong sales performance translating into significant operating leverage that is exceeding our expectations. Other Ticker Details AEO Company Name American Eagle Outfitters, inc Earnings Call Date 02-Sep-21 Time (ET) 09:00 AM Fiscal Quarter Q2
How Much Does Americaneagle.com Pay in 2023? (338 Salaries) I actually like to take a little bit of a step back. Yet, we know there is more to do in these unprecedented times we are focused on driving continuous improvement across the business. Core intimate, bralettes and apparel and swimwear saw strong demand. And if I turn that piece over to Michael, in terms of where we are for the rest of the season in the AirTerra part of the question. Hi, this is Kelly Crago on for Paul. So as new stores ramp up, we expect to see very nice returns from our investments, including both the sales and profit generated within the four walls as well as the digital halo created for our online channel. Its still an 80% digital business. Thats great color. This was partially offset by lower incentive accruals and expense actions announced last quarter. Jay already said it. So, one of the things we are proud of as a company is we are not resting on our laurels. We have to ride with the change. The supply chain deliver great results even in the face of headwinds. We are fulfilling orders faster and with fewer shipments. On the marketing front, we continue to focus on giving our customers their own platform in new and innovative ways. ET AEO earnings call for the period ending July 31, 2021. American Eagle Outfitters, Inc. AEO reported second-quarter fiscal 2021 results, wherein earnings per share beat the Zacks Consensus Estimate, while revenues lagged. Supply chain transformation has been a huge focus for us, and we're very focused on controlling everything that we can. So we are, as much as -- we're looking at the same compared to 2019 you are. We are making steady progress toward our long-term goal of rightsizing AE store footprint. We are making incredible progress toward the goals we laid out in January. Thank you. So we're very optimistic about the second half. And then maybe just a follow-up on the top line. Investments in our brands and product over the past several years are supporting our ability to successfully compete in higher ticket products. Across operations, we are creating efficiencies, increasing our speed and agility. Learn More, American Eagle Outfitters, inc(AEO 7.39%)Q22021 Earnings CallSep 2, 2021, 9:00 a.m. We protect our brands, both American Eagle I mean certainly American Eagle, is something to be proud of and Aerie, the new up and comer. I mean, do the math, it's almost seven years. Its been a strange year. Our multi-year investment to improve our customer shopping experience and enhance our supply chain are delivering strong returns. And just to clarify there. This includes a hiring freeze, further reductions in non-critical expenses and lower capital spending. You also alluded to some savings you anticipate in the first half of the year next year. Again in January, and are probably what our new operating rate target would be, which will definitely be higher than 10%, probably more like the mid to high, mid to -- low to mid teams operating rate. Stock Market Sell-Off: Is American Eagle Outfitters a Buy? The resulting savings are helping us to contain delivery costs even as rates remain elevated across the industry. Yes. Its in the American Eagle brand, so very exciting. I am encouraged by the business and excited about the long-term growth potential and I am proud of the continued progress we are making on our ESG initiatives. This resulted in a larger impact from sell-offs, to clear inventory and in-season promotions, fell mostly acutely in the second quarter due to the timing of Aeries seasonal clearance activity. View as PDF 128 This article was written by SA Transcripts. Reconciliation of adjusted results to the GAAP results are available in the tables attached to the earnings release which is posted on our corporate website at aeo-inc.com in the Investor Relations section. There is portfolio downs, we have some factories that are closed, transportation is less predictable. But these maniacal compares to a history that probably doesn't matter as much anymore is something we're not focused on as much. And Jen, you talked about concept, we have Todd Snyder, which is on fire. Thats when we incurred that expense and we actually sell the unit. Thats what really changed. Thank you very much. Last year, AE really delivered the new goods for September, and Aerie had a new delivery starting with the launch of OFFLINE in July. You can sign up for additional subscriptions at any time. Like I said, we are testing and scaling new product categories. I think we got caught up in this past year, going against last years figures. I think we need to sell merchandise and get paid for your effort and give good value to the customer and give them great product. Weve got over 100 stores that are sort of non-comp or new going into the back half with inventory reset, very bullish on Aerie for the back half and in terms of where were going from here, knowing the macro environment is still uncertain. And we are looking for other opportunities of companies that fit that mould. We also added approximately 20 new Aerie and offline locations in the second quarter, bringing our total openings over the past 12 months to approximately 100 new stores. We think inventory is reset. Is this happening to you frequently? We expect the momentum is going to continue in the second half. We knew AE lapping that period was going to be tough. But like I said, we are looking at the business on the go forward. And a little bit we realized when we gave that three-year profit strategy, that in the same year, we'd already be breaking the three-year strategy. And its a new concept for us, and I am pretty excited about. For 2021, we now expect capital expenditures to be at the low end of our previously communicated $250 million to $275 million guidance range reflecting cost savings on our planned projects. We're very focused on I guess in the way I could say is, you think about the two brands, we're looking at area that 30% plus CAGR continuously AE's modest growth. It puts us on the three years ahead, and we'll have another Investor Day probably next January where we will reset the goal for the next three years, and we're very optimistic. Everybody in this Company if focused. Same-day delivery to the customers, been able to respond that in a way, we're testing technology that we're working out right now that in our stores. I watch my daughter every day go to school in sweats and a Hoodie and its here to stay. Our next question is coming from Marni Shapiro of Retail Tracker. So we could not be more thrilled with that business and we're going to continue to dominate there and innovate there. Web Applications Developer salaries - 49 salaries reported. *Average returns of all recommendations since inception. We have also paused our quarterly cash dividend. Thank you. So there is volatility, but we're managing through it. And our year 16 is world class and we've done that. So, thats a very good sign for us to get back and see. So, if you think about these 100 stores we just opened, we will carry these into the back half, get our plans right set around them, focus on that into 23 and that digital piece of it kind of kicks in. Jen can answer part of it, but the part of it also is like we are very excited about Ares and OFFLINE. I'll answer the second part first. We remain committed to maintaining this precedent in the long run. Our average unit retail was up over 20% led by overall strong demand, higher full price sales and fewer promotions. It was really that mid-June to late June time frame. It was $10 million in Q3, Kimberly and $60 million in Q4 for the airfreight. In May, we launched our Love The Swim You're In TikTok campaign highlighting all the ways to rock your Aerie swim. Because we know the future of this business is going to be not just marketing and the merchandising and running great stores, it's going to be how you operate the whole flow. Everything we do at AEO is done with purpose. Get 21 American Eagle coupons and coupon codes for June. We are up to building our brands, protecting our brands, not turning on a dial. And certainly, as weve been able to shift the categories in American Eagle I like what Im seeing in outfitting. Yeah, for sure, as I mentioned, all categories in Q2, we saw -- we saw gains in every category, in fact all categories delivering on double-digit constant growth. But I'm wondering if the street from our perspective needs to appreciate on a two-year basis, 14% over '19, at 7% for each year, how should we think about the algorithm of top line growth? Our next question is coming from Paul Lejuez of Citi. But we expect that to normalize a bit, knowing we come out of that hyper back-to-school period here after Labor Day. Thank you, Jay and good morning. We have returned $265 million in cash to shareholders through a combination of dividends and share repurchases, marking our highest level of returns since 2015. So it always be 100% in-stock level. Capital expenditures totaled $69 million in the quarter. So thank you for all your support. Smoothez is our new collection of favorite first layers that we call anti-shape wear. This followed 39% comp growth in 2021. It seems like that's what you're speaking to. It's part of what's fueling efficiencies, allowing us to drive substantially greater sales and margin on far less inventory. I remain very encouraged by all the interest we have received in this business as it continues to expand. We're very excited about the other brands that we'll talk later about whether it be Todd Snyder, whether it be Unsubscribed, whether it be the new denim concept, we see a lot of opportunities for us. Got it. $107,765 / yr. Project Manager salaries - 35 salaries reported. Significant progress was made across both these initiatives. So, I am just wondering how often do you kind of in your research, how often do you compete against them? Yet, I see no letup in the consumer affinity and love for casual, comfy and active wear. The clarity on the shift is with back-to-school. We think we have in our guidance accounted for everything we know to date. But early on, for back-to-school, some of the womens trends that were seeing, were able to chase. So I know everyone very curious about an outside trend that's happening and people going out again. Please go ahead. Thanks, Adrienne. The following slide deck was published by American Eagle Outfitters, Inc. in conjunction with their 2022 Q2 earnings call. And now we will have these new stores carrying into the back half and not really not much impact from new store opening costs. So our supply chain speed is better than ever. So they were impacted more by some of the shift into August, and certainly believe, our Labor Day. I mean, Dana, we're looking for -- everything we're doing is focused on providing scale and speed and cost benefit and customer service benefit for the American Eagle business. Sure, Matt. Yes, good morning. We exchanged $342 million or approximately 80% of the principal associated with our convertible note and upsized and extended our ABL facility. Joining me today for our prepared remarks are Jay Schottenstein, Executive Chairman and Chief Executive Officer; Jen Foyle, President, Executive Creative Director for AE and Aerie; Michael Rempell, Chief Operating Officer; and Mike Mathias, Chief Financial Officer. We are probably going to look at a relatively smaller new store count for next year, just so we can focus on that, but we still believe there is runway in terms of store growth over the next 3 years. We dont expect any impact from inventory or us overplanning the business like we did in the first half. We think its a big opportunity there, too. And in fact, looking forward, there are great new trends emerging around silhouette, color and fabrication that will create even more excitement around the lifestyle. I just saw the holiday review for some of the new shoots in American Eagle and Aerie, it's very optimistic with the dressing, what these customers want, and just moving on Aerie. Consolidated second quarter net revenue increased 35% versus second quarter 2020 and on a comparable basis increased 19% to 2019. AE's operating profit jumped 234% from second quarter 2020 with margins building to 23.5%, a proof point of the significant margin opportunity for AE we reviewed back in January. American Eagle Outfitters, Inc. ( NYSE: AEO) Q2 2022 Earnings Conference Call September 7, 2022 4:30 PM ET Company Participants Judy Meehan - Investor Relations Jay Schottenstein -. That's right -- theythink these 10stocks are even better buys. We have been working on the inventory. This is clearly an unprecedented time in retail. If you could talk about that and if there is a shift towards something dressier or maybe pants and how American Eagle might be positioned for that. We are very conservative. I can just say, I think its a good question, Dan. So Michael Rempell said it. I didnt know what you ask. While we made great progress, we are just hitting our stride. We have product that customer loves. Our next question comes from the line of Matthew Boss with JPMorgan. Today, the team will take you through the details of our performance.
American Eagle Outfitters, Inc. (AEO) Q2 2022 Earnings Call Transcript Marni Shapiro -- Retail Tracker -- Analyst. While overall demand was below our plan, the majority of categories posted increases to last year, undies, leggings, apparel and accessories, all posting positive growth. The dollar increase to $70 million was due primarily to the reopening of our stores. And leggings are off to a great start. Thank you maam, you may begin at this time in your presentation. Our best categories included mens wear overall, womens dresses, shirts, fleece and accessories. This year we had more than doubled the number of our most sustainable yield goods, styles across all merchandise categories. You may proceed with your question. We continue to execute well across all areas of the Company. We had fiber more reestablished, its amazing job they did a year ago. And then for next year, we are going to continue to plan conservatively. We think we put together a world-class, not a good question, Michael didn't go with the backgrounds.