Investor Presentaiton

N Key Highlights (unaudited) THIRD QUARTER 2023 2022 TOTAL NET REVENUE CHANGE 5% -3% GROSS MARGIN 41.8% 38.7% SELLING, GENERAL & ADMINISTRATIVE EXPENSES 27.8% 25.1% OPERATING MARGIN 9.6% 9.5% Inventory Data (unaudited) (in thousands) ENDING INVENTORY ENDING INVENTORY % CHANGE TO PRIOR YEAR QUARTERLY INVENTORY TURN1 October 28, 2023 October 29, 2022 $769,315 $797,731 -4% 8% 1.02 0.98 (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.

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