American Eagle Outfitters Inc

Latest Results (20.05.2026):

American Eagle Outfitters, Inc.'s fourth quarter of fiscal 2025 (quarter ended January 31, 2026) delivered a record Q4 with total net revenue of $1.8 billion, up 10% year-over-year, driven by an 8% increase in total comparable sales; the company reported both GAAP and adjusted results and provided fiscal 2026 guidance.

Top-line and comps

Total net revenue was $1.76 billion (+10% vs. prior year) with total comparable sales +8%. Brand comps: Aerie +23% and American Eagle +2% in the quarter.

Profitability — GAAP vs. adjusted

GAAP operating income was $96 million (includes $84 million of impairment and restructuring charges). Adjusted operating income was $180 million (+27% YoY) and adjusted operating margin expanded to 10.2% (up 130 bps).

Earnings per share

Q4 GAAP diluted EPS was $0.50 (vs. $0.54 prior year). Q4 adjusted diluted EPS was $0.84 (vs. $0.54 prior year). For fiscal 2025, GAAP diluted EPS was $1.09 and adjusted diluted EPS was $1.50.

Margins and tariff impact

Q4 gross profit was $651 million and gross margin was 37.0% (down 30 bps). The company reported a $50 million net tariff impact (stated as ~280 bps to gross margin); markdowns weighed on margin but were largely offset by sales leverage, lower costs, favorable FX and operational efficiencies.

Balance sheet / inventory

Ending inventory rose 10% to $702 million with units up 3%; company notes ending inventory cost includes tariff impacts. Cash and short-term investments were reported, and current ratio was ~1.52.

Shareholder returns and capital deployment

In fiscal 2025 AEO returned $341 million to shareholders ($256 million repurchases — 21 million shares — and $85 million in dividends). Q4 buybacks were $25 million. Fiscal 2025 capex was $261 million; 2026 capex expected $250–260 million.

Outlook for fiscal 2026

Full-year fiscal 2026 guidance: comparable sales expected to be up mid-single digits, gross margin up year-over-year, SG&A up mid-single digits (company lists +MSD), and operating income targeted at $390–$410 million. First quarter 2026 comps are guided to high-single-digit and operating income $20–$25 million.

Operational footprint

Consolidated store count ended the quarter at 1,168 stores (805 AE, 332 Aerie, 23 Todd Snyder, 8 Unsubscribed). The company highlighted strong holiday execution, product momentum (particularly Aerie and OFFLINE), and plans to invest in brands while pursuing corporate efficiencies.