American Eagle Outfitters Announces Three-Year Strategy to Power Profitable Growth; Clear Path to $5.7 to $6.0B in Revenue and an Approximate 10% Operating Margin Rate
07 3월 2024 - 10:01PM
Business Wire
Building upon momentum and strong results achieved in 2023,
American Eagle Outfitters, Inc. (NYSE: AEO) today unveiled its new
Powering Profitable Growth plan, structured to deliver mid-to-high
teens annual operating income expansion on 3-5% annual revenue
growth over the next three years, and an approximate 10% operating
margin.
Fueled by a shift in strategy, culture and focus to generate
stronger profitability on continued growth, the multi-year plan is
centered around three key pillars:
- Amplify our brands: Grow American Eagle, powering market
leadership in denim and expansion into right-to-win adjacencies;
Fuel Aerie’s expansion and Accelerate activewear opportunity with
OFFLINE.
- Execute with financial discipline: Organization
structured to deliver consistent profit growth and shareholder
returns.
- Optimize operations: Leverage best-in-class operating
capabilities to fuel our growth and profit roadmap.
“Amplifying American Eagle and Aerie’s stronghold in casual
apparel is at the very center of our strategic plan. We see
incredible growth opportunities as we elevate key businesses and
expand into category adjacencies at American Eagle, fuel the
#AerieReal movement in underpenetrated markets and accelerate
OFFLINE’s significant potential in activewear. These efforts will
be supported by a sharp focus on profit expansion. We will utilize
our leading operating capabilities and leverage new technologies to
maximize ongoing efficiencies and deliver the very best and
innovative experiences for our customers,” commented Jay
Schottenstein, AEO’s Executive Chairman of the Board and Chief
Executive Officer.
“I’m extremely excited about our Powering Profitable Growth
strategy. We have passionate, driven and talented teams surrounded
by a renewed focus on performance. Together we look forward to
executing and delivering on our plan, creating long-term value for
our shareholders,” he continued.
In a separate release today the company reported fourth quarter
and full-year fiscal 2023 results, in which management provided
fiscal 2024 operating income guidance of $445 to $465 million,
based on 2 to 4% revenue growth inclusive of an approximately one
point revenue headwind from the shift in the retail calendar, which
is consistent with the long-term financial targets stated
above.
First quarter 2024 guidance was also provided reflecting
operating income in the range of $65 to $70 million. This reflects
revenue up mid-single digits, including an approximately one point
positive impact from the retail calendar shift.
Webcast and Supplemental Financial Information The
company will discuss its financial results and long-term strategy
and targets in an extended call beginning at 11:00 AM ET. The event
will feature presentations and a question-and-answer session with
members of the company’s executive leadership team. The event can
be accessed in the Investor Relations section on AEO’s website,
www.aeo-inc.com. A replay of the webcast will be archived
and made available online on the company’s website.
About American Eagle Outfitters, Inc. American Eagle
Outfitters, Inc. (NYSE: AEO) is a leading global specialty retailer
offering high-quality, on-trend clothing, accessories and personal
care products at affordable prices under its American Eagle® and
Aerie® brands. Our purpose is to show the world that there’s REAL
power in the optimism of youth. The company operates stores in the
United States, Canada, Mexico, and Hong Kong and ships to
approximately 80 countries worldwide through its websites. American
Eagle and Aerie merchandise also is available at more than 300
international locations operated by licensees in approximately 30
countries. To learn more about AEO and the company’s commitment to
Planet, People and Practices, please visit www.aeo-inc.com.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995
This release and related statements by management contain
forward-looking statements (as such term is defined in the Private
Securities Litigation Reform Act of 1995), which represent
management’s expectations or beliefs concerning future events,
including first quarter and annual fiscal 2024 results as well as
anticipated strategy impact on revenue growth and operating margin
in 2025 and 2026. Words such as “outlook,” "estimate," "project,"
"plan," "believe," "expect," "anticipate," "intend," “may,”
“potential,” and similar expressions may identify forward-looking
statements, although not all forward-looking statements contain
these identifying words. All forward-looking statements made by the
company are inherently uncertain because they are based on
assumptions and expectations concerning future events and are
subject to change based on many important factors, some of which
may be beyond the company’s control. Except as may be required by
applicable law, we undertake no obligation to publicly update or
revise any forward-looking statements whether as a result of new
information, future events or otherwise and even if experience or
future changes make it clear that any projected results expressed
or implied therein will not be realized. The following factors, in
addition to the risks disclosed in Item 1A., Risk Factors, of our
Annual Report on Form 10-K for the fiscal year ended January 28,
2023 and in any other filings that we may make with the Securities
and Exchange Commission in some cases have affected, and in the
future could affect, the company's financial performance and could
cause actual results to differ materially from those expressed or
implied in any of the forward-looking statements included in this
release or otherwise made by management: the risk that the
company’s operating, financial and capital plans may not be
achieved; our inability to anticipate customer demand and changing
fashion trends and to manage our inventory commensurately;
seasonality of our business; our inability to achieve planned store
financial performance; our inability to react to raw material cost,
labor and energy cost increases; our inability to gain market share
in the face of declining shopping center traffic; our inability to
respond to changes in e-commerce and leverage omni-channel demands;
our inability to expand internationally; difficulty with our
international merchandise sourcing strategies; challenges with
information technology systems, including safeguarding against
security breaches; and global economic, public health, social,
political and financial conditions, and the resulting impact on
consumer confidence and consumer spending, as well as other changes
in consumer discretionary spending habits, which could have a
material adverse effect on our business, results of operations and
liquidity.
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American Eagle Outfitters (NYSE:AEO)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
American Eagle Outfitters (NYSE:AEO)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024