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
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
“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
First quarter 2024 guidance was also provided reflecting operating income in the range of
Webcast and Supplemental Financial Information
The company will discuss its financial results and long-term strategy and targets in an extended call beginning at
About
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
View source version on businesswire.com: https://www.businesswire.com/news/home/20240306856009/en/
Line Media
412-432-3300
LineMedia@ae.com
Source: