Skip to main content

Market Overview

American Eagle Outfitters Shares Slump On Lacklustre Q2 Performance

American Eagle Outfitters Shares Slump On Lacklustre Q2 Performance
  • American Eagle Outfitters Inc (NYSE: AEOreported second-quarter FY21 revenue growth of 35% year-on-year, to $1.194 billion, missing the analyst consensus of $1.227 billion.
  • Net revenue from Aerie increased 34% Y/Y, and American Eagle rose 35%.
  • Consolidated store revenue increased 73%, and digital revenue decreased 5% versus last year. Compared to the pre-pandemic Q2 2019 base, store revenue increased 4%, and digital revenue increased 66%.
  • Gross profit increased 89.4% Y/Y to $502 million and the gross margin expanded 1210 basis points Y/Y to 42.1%.
  • The operating margin was 14.1%, and operating income for the quarter was $168 million.
  • The company held $824 million in cash and equivalents as of July 31, 2021.
  • Total consolidated ending Inventory at cost increased 20% to $504 million compared to a 21% decline last year.
  • Adjusted EPS of $0.60 beat the analyst consensus of $0.53.
  • Price Action: AEO shares are trading lower by 9.25% at $27.28 on the last check Thursday.

Related Articles (AEO)

View Comments and Join the Discussion!

Posted-In: BriefsEarnings News Short Ideas Movers Trading Ideas

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at