Investor Presentaiton
Results by Segment (Dollars in Thousands) (unaudited)
For the 13 weeks ended
October 28, 2023
Net Revenue:
American Eagle
Aerie
Other(1)
Intersegment Elimination
Total Net Revenue
Operating Income:
October 29, 2022
For the 39 weeks ended
October 28, 2023
October 29, 2022
$ 857,378
$ 837,575
$ 2,295,487
$ 2,301,051
$ 393,042
$ 349,712
$ 1,132,537
$ 1,043,129
$111,805
$ 115,346
$ 329,480
$ 315,333
$ (61,170)
$ 1,301,055
$ 1,240,583
$ (62,050)
$ (174,645)
$ 3,582,859
$ (165,768)
$ 3,493,745
$418,232
$ 188,772
$ (35,250)
$ -
$ (336,998)
$ -
$ (21,275)
American Eagle
Aerie
Other(1)(3)
Intersegment Elimination
General corporate expenses(2)
Impairment, restructuring and other charges(3)
Total Operating Income
Debt related charges
Interest (income) expense, net
Other (income) expense, net
Income before income taxes
$ 184,029
$ 75,850
$ (8,601)
$
-
$ (125,917)
$ -
$ 125,361
$ -
$ (2,871)
$ (3,984)
$ 132,216
$ 174,129
$ 56,487
$ (11,650)
$.
$ (101,418)
$ 117,548
$ -
$ 3,878
$ 782
$ 112,888
Capital Expenditures
American Eagle
Aerie
Other(1)
General corporate expenditures(2)
Total Capital Expenditures
$213,481
$ -
$ (1,229)
$ (9,446)
$224,156
$387,213
$111,414
$ (39,381)
$
-
$ (285,781)
$ -
$ 173,465
$60,066
$ 11,887
$ (5,501)
$ 107,013
$ 17,219
$ 20,477
$ 48,411
$ 55,000
$ 9,499
$ 24,404
$ 31,576
$ 85,663
$ 9,760
$ 20,801
$ 21,490
$ 25,933
$ 6,478
$5,825
$ 33,438
$ 32,768
$ 42,956
$ 71,507
$ 134,915
$ 199,364
(1)
(2)
(3)
The Todd Snyder brand, Unsubscribed brand, and Quiet Platforms have been identified as separate operating segments; however, as they do not meet the quantitative thresholds for separate disclosure, they are presented
under the Other caption.
General corporate expenses are comprised of general and administrative costs that management does not attribute to any of our operating segments. These costs primarily relate to corporate administration, information and
technology resources, finance and human resources functional and organizational costs, depreciation and amortization of corporate assets, and other general and administrative expenses resulting from corporate-level
activities and projects.
$21.3 million of pre-tax impairment, restructuring and other charges related to Quiet Platforms, including $10.8 million of long-lived asset impairment charges, $5.6 million of severance costs, and $4.9 million of contract
related charges for the 39 weeks ended October 28, 2023.
AEO INC.View entire presentation