Investor Presentaiton
Historical Financial Information - GAAP Basis (unaudited)
(In thousands, except per share amounts and store counts)
2018
2019
2020
Q1
Fiscal 2021
Q2
Q3
Q4
2021
Q1
Fiscal 2022
Q2
YTD 2022
Total net revenue
$ 4,035,720 $ 4,308,212 $ 3,759,113
$ 1,034,614
$ 1,194,156
$ 1,274,078
$ 1,507,937
$ 5,010,785
$ 1,055,037
$ 1,198,124 $
2,253,161
Cost of sales, including certain buying, occupancy and
warehousing expenses
2,548,082
2,785,911
2,610,966
598,424
691,765
Gross profit
1,487,638
1,522,301
1,148,147
436,190
502,391
709,554
564,524
Selling, general and administrative expenses
980,610
1,029,412
977,264
264,492
293,939
313,890
Impairment, restructuring and COVID-19 related charges
1,568
80,494
279,826
1,019,252
488,685
349,680
11,944
3,018,995
1,991,790
667,011
828,107
1,495,118
388,026
370,017
758,043
1,222,000
298,755
307,832
606,587
11,944
Depreciation and amortization expense
168,331
179,050
162,402
Operating income (loss)
337,129
233,345
(271,345)
38,271
133,427
40,456
167,996
40,947
209,687
47,107
166,781
47,369
48,171
95,540
79,954
591,065
41,902
14,014
55,916
Debt related charges
60,066
60,066
Interest expense (income), net
(3,492)
(6,202)
24,610
8,506
8,921
8,612
8,595
34,632
4,588
3,421
8,009
Other (income) expense, net
Income (loss) before income taxes
Provision (benefit) for income taxes
Net income (loss)
(4,479)
345,100
(5,731)
245,278
(3,682)
(1,860)
(1,363)
(3,130)
3,865
(2,489)
(4,444)
(1,839)
(6,283)
83,198
$
261,902 $
54,021
191,257 $
(292,273)
(82,999)
(209,274) $
126,781
31,318
95,463
$
160,438
38,927
121,511 $
204,205
67,494
558,922
41,758
(47,634)
(5,876)
51,981
17,066
139,293
10,018
(5,168)
4,850
152,224 $
50,428 $ 419,629 $
31,740
$
(42,466) $
(10,726)
Net income (loss) per basic share
$
Net income (loss) per diluted share (1)
1.48 $
1.47 $
1.13 $
1.12
$
(1.26) $
(1.26) $
0.57 $
0.46 $
0.73 $
0.58 $
0.91
0.74
$
$
0.30 $
0.25 $
2.50 $
0.19
$
(0.24) $
(0.06)
2.03 $
0.16
$
(0.24) $
(0.06)
Weighted average common shares outstanding - basic
Weighted average common shares outstanding - diluted
176,476
178,035
169,711
170,867
166,455
166,455
167,257
167,491
167,637
167,611
206,562
208,933
205,013
203,388
168,156
206,529
168,460
219,742
180,189
174,544
180,189
174,544
Comparable sales (2) (3)
American Eagle brand comparable sales
Aerie brand comparable sales
8%
3%
Not provided
Not provided
32%
20%
13%
Not provided
-5%
-9%
-7%
5%
0%
Not provided
Not provided
39%
21%
11%
Not provided
-7%
-10%
-8%
29%
20%
Not provided
Not provided
25%
18%
17%
Not provided
-2%
-6%
-4%
Total revenue growth
(2)
6%
7%
-13%
88%
35%
24%
17%
33%
2%
0%
1%
American Eagle brand revenue growth
(4)
Not provided
3%
-21%
86%
35%
21%
11%
30%
-6%
-8%
-7%
Aerie brand revenue growth (4)
Not provided
28%
24%
92%
34%
28%
27%
39%
8%
11%
9%
Total store count - end of period
1,055
1,095
1,078
1,074
1,090
1,121
1,133
1,133
1,141
1,160
1,160
Weighted gross square feet - end of period
6,638
6,800
6,739
6,814
6,865
6,962
7,002
6,790
7,106
7,144
7,083
(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 the Supply Chain Platform.
(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, fiscal 2021, or fiscal 2022 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.View entire presentation