Investor Presentaiton
Historical Financial Information - GAAP Basis
(In thousands, except per share amounts and store counts)
Total net revenue
2018
$4,035,720
2019
$4,308,212
2020
2021
Q1
$3,759,113 $5,010,785 $1,055,037
Q2
$1,198,124
Fiscal 2022
Q3
$1,240,583
Fiscal 2023
Q4
2022
$1,496,088 $4,989,833
Q1
$1,080,926
Q2
$1,200,879 $1,301,055
Q3
Cost of sales, including certain buying, occupancy and
warehousing expenses
Gross profit
Selling, general and administrative expenses
Impairment, restructuring and other charges
2,548,082
1,487,638
980,610
1,568
2,785,911
1,522,301
1,029,412
2,610,966
1,148,147
3,018,995
1,991,790
667,011
388,026
828,107
370,017
760,810
479,773
988,656
507,432
3,244,585
667,747
747,863
757,258
1,745,248
413,179
453,016
543,797
977,264
1,222,000
298,755
307,832
311,101
351,408
1,269,095
312,345
331,872
361,992
80,494
279,826
11,944
22,209
22,209
21,275
Depreciation and amortization expense
168,331
179,050
162,402
166,781
47,369
48,171
51,124
60,233
206,897
56,728
55,854
56,444
Operating income (loss)
Debt related charges
Interest (income) expense, net
Other (income) expense, net
Income (loss) before income taxes
Provision (benefit) for income taxes
Net income (loss)
337,129
233,345
-271,345
591,065
41,902
14,014
117,548
73,582
247,047
22,831
65,290
125,361
60,066
4,655
64,721
-3,492
-4,479
345,100
-6,202
24,610
34,632
4,588
3,421
3,878
2,409
14,297
690
951
-2,871
-5,731
-3,682
-2,489
-4,444
-1,839
782
-4,964
-10,465
-3,311
-2,150
-3,984
245,278
-292,273
558,922
41,758
-47,634
83,198
$261,902
54,021
$191,257
-82,999
139,293
10,018
-5,168
112,888
31,616
71,482
178,494
25,452
66,489
132,216
-$209,274
$419,629
$31,740
-$42,466
$81,272
16,891
$54,591
53,358
6,999
17,919
35,516
$125,136
$18,453
$48,570
$96,700
Net income (loss) per basic share
$1.48
$1.13
Net income (loss) per diluted share (1)
$1.47
$1.12
-$1.26
-$1.26
$2.50
$0.19
-$0.24
$0.44
$0.29
$0.69
$0.09
$0.25
$0.50
Weighted average common shares outstanding - basic
176,476
169,711
166,455
$2.03
168,156
$0.16
-$0.24
$0.42
$0.28
$0.64
$0.09
$0.25
$0.49
168,460
180,189
186,305
190,621
181,778
194,487
195,329
195,343
Weighted average common shares outstanding - diluted
178,035
170,867
166,455
206,529
219,742
180,189
195,776
196,893
205,226
197,160
196,103
198,367
Comparable sales (2) (3)
8%
3%
Not provided
30%
-5%
-9%
-9%
-6%
-7%
-1%
0%
5%
American Eagle brand comparable sales
5%
0%
Not provided
35%
-7%
-10%
-10%
-9%
-9%
-4%
-2%
2%
Aerie brand comparable sales
29%
20%
Not provided
27%
-2%
-6%
-3%
-2%
-3%
2%
0%
12%
Total revenue growth (2)
6%
7%
0
33%
2%
0%
-3%
-1%
0%
2%
0%
5%
American Eagle brand revenue growth (4)
Not provided
3%
-21%
30%
-6%
-8%
-11%
-8%
-8%
-2%
-1%
2%
Aerie brand revenue growth (4)
Not provided
28%
24%
39%
8%
11%
11%
8%
9%
12%
2%
12%
Total store count - end of period
1,055
1,095
1,078
1,133
1,141
1,160
1,179
1,175
1,175
1,180
1,184
1,199
Weighted gross square feet - end of period
6,638
6,800
6,739
6,790
7,106
7,144
7,268
7,346
7,237
7,282
7,296
7,333
(1) In Q1 2022, the Company adopted ASU 2020-06 under the modified retrospective method, which requires the Company to utilize the "if-converted" method of calculated diluted EPS.
(2) Comparable sales includes results from Todd Snyder and Unsubscribed brands. Total revenue growth includes results from Todd Snyder and Unsubscribed brands and Quiet Platforms.
(3) Comparable sales are calculated for stores and channels open at least one year over the comparable prior year period. In fiscal years following those with 53 weeks, the prior year period is shifted by one week to compare similar calendar weeks. A store is included in comparable sales in
the thirteenth month of operation. However, stores that have a gross square footage change of 25% or greater due to a remodel are removed from the comparable sales base, but are included in total sales. These stores are returned to the comparable sales base in the thirteenth month
following the remodel. Sales from American Eagle, Aerie, Todd Snyder, and Unsubscribed stores, as well as sales from AEO Direct and other digital channels, are included in total comparable sales. The Company did not provide comparable sales results for fiscal 2020 due to temporary
store closures as a result of COVID-19.
(4) Prior to fiscal 2018, the Company did not disclose segment information; therefore, growth compared to the prior year is unavailable for fiscal 2018.
AEO INC.View entire presentation