Q4 2024 American Eagle Outfitters Inc Earnings Call Transcript
Key Points
- American Eagle Outfitters Inc (AEO) achieved record revenue of $5.3 billion in 2024, driven by a 4% comparable sales growth.
- The company reported an adjusted operating profit of $445 million, marking one of its strongest years in history.
- Aerie's revenue crossed $1.7 billion, with strong performance in soft apparel and activewear collections.
- American Eagle maintained its number 1 ranking in denim with its core customer base, achieving its sixth consecutive quarter of positive comp growth.
- The company returned over $280 million to shareholders through buybacks and dividends in 2024.
- 2025 has started off softer than anticipated due to a less robust consumer environment and cold weather.
- The company expects full-year revenue and operating income to be down relative to last year.
- Ongoing consumer uncertainty and changes in the operating landscape, including tariffs and a strong US dollar, pose challenges.
- First quarter revenue is expected to decline in the mid-single digits, with operating income projected to be between $20 million to $25 million.
- The company faces headwinds from higher markdown activity, tariffs, and BOW cost deleverage on the comp decline.
Greetings, and welcome to the American Eagle Outfitters fourth quarter 2024 earnings conference call. (Operator Instructions) As a reminder, this conference is being recorded. It is now my pleasure to introduce Judy Meehan. Please go ahead.
Good afternoon, everyone. Joining me today for our prepared remarks are Jay Schottenstein, Executive Chairman and Chief Executive Officer; Jen Foyle, President, Executive Creative Director for American Eagle and Aerie; and Mike Mathias, Chief Financial Officer.
Before I begin today's call, I need to remind you that we will make certain forward-looking statements. These statements are based upon information that represents the company's current expectations or beliefs. Results actually realized may differ materially based on risk factors included in our SEC filings. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information
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