Investor Presentaiton
Key Highlights (unaudited)
FIRST QUARTER
TOTAL NET REVENUE CHANGE
GROSS MARGIN
SELLING, GENERAL & ADMINISTRATIVE EXPENSES
ADJUSTED OPERATING MARGIN (1)
ADJUSTED EPS (1)
2023
2022
2%
2%
38.2%
36.8%
28.9%
28.3%
4.1%
4.0%
$0.17
$0.16
(1) Results shown are on a non-GAAP basis and exclude certain charges for all periods presented. See accompanying
tables for a reconciliation of GAAP to non-GAAP results.
Inventory Data (unaudited)
(in thousands)
April 29, 2023
April 30, 2022
ENDING INVENTORY
$624,851
$682,100
ENDING INVENTORY % CHANGE TO PRIOR YEAR
-8%
46%
QUARTERLY INVENTORY RETURN(1)
1.10
1.08
(1) Inventory turn is calculated as the total GAAP cost of goods sold for the quarterly periods divided by the straight
average of the beginning and ending inventory balances from the consolidated balance sheets.
AEO INC.View entire presentation