$AEO

AMERICAN EAGLE OUTFITTERS INC

CIK:0000919012|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2026	Aug. 02, 2025	Aug. 01, 2026	Aug. 02, 2025
Income Statement [Abstract]
Total net revenue	$ 1,380,375	$ 1,283,675	$ 2,575,660	$ 2,373,275
Cost of sales, including certain buying, occupancy and warehousing expenses	708,311	783,713	1,447,425	1,550,892
Gross profit	672,064	499,962	1,128,235	822,383
Selling, general and administrative expenses	408,354	342,211	784,846	680,998
Impairment and restructuring charges				17,119
Depreciation and amortization expense	52,305	54,666	103,760	106,363
Operating income	211,405	103,085	239,629	17,903
Interest expense, net	47,125	1,919	54,978	1,700
Other (income) loss, net	(13,771)	648	(20,993)	816
Income before income taxes	178,051	100,518	205,644	15,387
Provision for income taxes	44,366	23,705	49,024	3,992
Net income	133,685	76,813	156,620	11,395
Net loss attributable to non-controlling interests	399	820	987	1,339
Net income attributable to AEO	$ 134,084	$ 77,633	$ 157,607	$ 12,734
Basic net income per common share attributable to AEO	$ 0.8	$ 0.45	$ 0.94	$ 0.07
Diluted net income per common share attributable to AEO	$ 0.79	$ 0.45	$ 0.92	$ 0.07
Weighted average common shares outstanding - basic	167,059	170,756	167,447	175,156
Weighted average common shares outstanding - diluted	170,180	171,659	171,277	176,482

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Aug. 01, 2026	Aug. 02, 2025
Operating activities:
Net income	$ 156,620	$ 11,395
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization	111,035	112,416
Share-based compensation	28,851	27,070
Deferred income taxes	(8,042)	22,399
Income earned from equity method investment	(18,716)
Distribution received from equity method investment	6,846
Loss on impairment of assets		15,063
Changes in assets and liabilities:
Accounts receivable	8,385	25,147
Merchandise inventory	(116,695)	(71,694)
Operating lease assets	179,517	198,679
Operating lease liabilities	(209,960)	(170,288)
Other assets	(13,259)	(98,370)
Accounts payable	1,983	(33,829)
Accrued compensation and payroll taxes	12,343	(64,412)
Accrued and other liabilities	(22,583)	(435)
Net cash provided by (used for) operating activities	116,325	(26,859)
Investing activities:
Capital expenditures for property and equipment	(127,637)	(132,565)
Sale of available-for-sale investments	0	50,000
Other investing activities	(657)	8,452
Net cash (used for) investing activities	(128,294)	(74,113)
Financing activities:
Accelerated Share Repurchase		(201,849)
Repurchase of common stock as part of publicly announced programs	(53,482)	(31,301)
Repurchase of common stock from employees	(20,276)	(7,913)
Proceeds from revolving line of credit	220,400	485,300
Principal payments from revolving line of credit	(165,400)	(282,300)
Cash dividends paid	(41,894)	(42,824)
Repayments of other financing	(18,603)
Other financing activities	(85)	(1,814)
Net cash (used for) financing activities	(79,340)	(82,701)
Effect of exchange rates changes on cash	340	1,491
Net change in cash and cash equivalents	(90,969)	(182,182)
Cash and cash equivalents - beginning of period	238,923	308,962
Cash and cash equivalents - end of period	$ 147,954	$ 126,780

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Aug. 01, 2026	Jan. 31, 2026	Aug. 02, 2025
Current assets:
Cash and cash equivalents	$ 147,954	$ 238,923	$ 126,780
Merchandise inventory	817,910	701,966	718,337
Accounts receivable, net	245,231	258,624	237,355
Prepaid expenses	103,331	93,231	167,295
Other current assets	22,257	21,429	21,335
Total current assets	1,336,683	1,314,173	1,271,102
Operating lease right-of-use assets	1,646,845	1,450,592	1,604,457
Property and equipment, at cost, net of accumulated depreciation	814,979	785,622	773,872
Goodwill, net	225,181	225,269	225,231
Non-current deferred income taxes	93,664	85,532	48,322
Intangible assets, net	35,974	37,468	40,674
Other assets	125,495	111,024	97,374
Total assets	4,278,821	4,009,680	4,061,032
Current liabilities:
Accounts payable	253,663	251,761	247,578
Current portion of operating lease liabilities	309,108	320,005	321,334
Accrued compensation and payroll taxes	94,629	82,354	49,534
Unredeemed gift cards and gift certificates	62,837	75,278	57,376
Accrued income and other taxes	29,084	41,290	30,631
Other current liabilities and accrued expenses	90,067	96,875	76,932
Total current liabilities	839,388	867,563	783,385
Non-current liabilities:
Non-current operating lease liabilities	1,556,639	1,380,318	1,473,119
Long-term debt, net	55,000	0	203,000
Other non-current liabilities	65,479	70,365	56,918
Total non-current liabilities	1,677,118	1,450,683	1,733,037
Stockholders’ equity:
Preferred stock, $0.01 par value; 5,000 shares authorized; none issued and outstanding
Common stock, $0.01 par value; 600,000 shares authorized; 249,566 shares issued; 167,639, 168,958 and 169,336 shares outstanding, respectively	2,496	2,496	2,496
Contributed capital	360,833	382,676	369,478
Accumulated other comprehensive loss	(16,357)	(15,586)	(34,646)
Retained earnings	2,678,371	2,552,721	2,416,980
Treasury stock, at cost, 81,927, 80,608 and 80,230 shares, respectively	(1,261,525)	(1,229,154)	(1,213,046)
Total AEO stockholders' equity	1,763,818	1,693,153	1,541,262
Non-controlling interests	(1,503)	(1,719)	3,348
Total stockholders' equity	1,762,315	1,691,434	1,544,610
Total liabilities and stockholders’ equity	$ 4,278,821	$ 4,009,680	$ 4,061,032