AEO — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-06-03

• In addition, trade policies and continued uncertainty related thereto, including with respect to tariffs and other restrictions, relating to countries from which we source our merchandise and raw materials, have created a dynamic and unpredictable trade landscape. This has and may continue to advers…

• of the CIT. The CIT ordered U.S. Customs and Border Protection ("CBP") to issue refunds for all IEEPA tariffs, plus interest. Pursuant to this order from CIT, CBP developed and implemented a process to facilitate refunds through its Consolidated Administration and Processing of Entries (“CAPE”) syst…

• Accordingly, uncertainty with respect to tariffs remains ongoing. The imposition of tariffs by the U.S. government, associated geopolitical tensions, including reciprocal tariffs by trading partners, and uncertainties regarding U.S. import tariffs have and may further affect our margins and operatio…

• We entered 2026 with strong momentum and delivered a solid start to the fiscal year, with double-digit revenue growth. The first quarter of Fiscal 2026 reflected the strength of our portfolio and highlighted the strength of the Aerie brand, which delivered exceptional growth and profitability across…

• Total revenue increased 10% to $1.195 billion from $1.090 billion, with Aerie revenue increasing 34% year-over-year, and American Eagle revenue decreasing 2% year-over-year. Total comparable sales increased 8%. Aerie's comparable sales increased 25% year-over-year, and American Eagle's comparable sa…

Text removed vs the prior filing · source: 10-Q · 2025-12-09

• Our results for the third quarter of Fiscal 2025 reflect decisive steps taken across the business to drive momentum and growth. We generated meaningful sales improvement, enabling us to deliver operating income results for the 13 weeks ended November 1, 2025 that were slightly ahead of those for the…

• In addition, recent changes in legislative and regulatory developments, including tariffs and other trade policies, have introduced additional uncertainty in the global economy and negatively impacted our business. For example, during Fiscal 2025, the U.S. government imposed a new tariff and trade p…

• During the 13 weeks ended November 1, 2025, gross profit increases were partially offset by higher markdowns and incremental tariffs, net of mitigation efforts.

• Total revenue increased 6% from $1.289 billion to $1.363 billion, with American Eagle revenue increasing 3% year-over-year, and Aerie revenue increasing 12% year-over-year. American Eagle's comparable sales increased 1% year-over-year, and Aerie's comparable sales increased 11% year-over-year.

• Operating income increased 6% to $113 million and increased 10 basis points to 8.3% as a percentage of total revenue, compared to $106 million last year. Operating income decreased 9% compared to adjusted operating income last year of $124 million, or 9.6% as a percentage of total revenue.