{"id":146,"date":"2025-12-16T13:21:01","date_gmt":"2025-12-16T13:21:01","guid":{"rendered":"https:\/\/melissa-demo.rt.gw\/?page_id=146"},"modified":"2025-12-16T15:47:49","modified_gmt":"2025-12-16T15:47:49","slug":"letter-from-our-ceo","status":"publish","type":"page","link":"https:\/\/melissa-demo.rt.gw\/?page_id=146","title":{"rendered":"Letter from our CEO"},"content":{"rendered":"\n
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Letter from Our CEO<\/h2>\n<\/div>\n\n\n\n

May 15, 2025<\/strong><\/p>\n\n\n\n

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\n
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\"\"<\/figure>\n\n\n\n

Jay Schottenstein<\/h4>\n\n\n\n

Executive Chairman of the Board
and Chief Executive Officer<\/p>\n<\/div>\n\n\n\n

\n

Dear Fellow Stockholders:

Fiscal 2024 was a positive year for AEO, fueled by our strong brand portfolio and the strength and determination of our amazing associates. Revenue hit an all-time high, and we achieved meaningful profit expansion. In March 2024, we introduced our three-year growth strategy, \u201cPowering Profitable Growth,\u201d which aims to focus the organization on three key priorities:<\/p>\n\n\n\n

    \n
  • Amplify our Brands;<\/li>\n\n\n\n
  • Execute with Financial Discipline; and<\/li>\n\n\n\n
  • Optimize our Operations<\/li>\n<\/ul>\n\n\n\n

    We achieved excellent results in the first year of the three-year plan. Revenue hit $5.3 billion and adjusted operating income(1)<\/sup><\/strong> increased 19% year over year, marking one of the strongest fiscal years in our history. This contributed to significant operating margin expansion, in line with our long-term vision for driving structural improvements across the business.<\/p>\n<\/div>\n<\/div>\n\n\n\n

    Within our Amplify pillar, both American Eagle and Aerie continued to resonate strongly with customers. Across brands, we expanded our customer base and delivered positive comparable sales growth. We also continued to optimise our Operations, making strategic investments in our store fleet and digital platform. This work contributed to positive growth in both channels in Fiscal 2024. Sharp expense controls and greater efficiencies led to higher profit flow as we remain focused on executing consistently with financial discipline.<\/p>\n\n\n\n

    As I look back on Fiscal 2024, I am particularly proud of the following achievements:<\/p>\n\n\n\n

      \n
    • Revenue of $5.3 billion rose 1%, marking a new record<\/strong>. Comparable sales increased 4%, with broad-based strength across brands and channels.
      <\/li>\n\n\n\n
    • Operating income of $427 million and adjusted operating income(1)<\/sup><\/strong>\u00a0of $445 million increased 19%, which was our second-highest adjusted operating income result since Fiscal 2012.\u00a0<\/strong>Operating margin was 8.0%, and adjusted operating margin(1) increased 120 basis points to 8.3%.
      <\/li>\n\n\n\n
    • Aerie achieved record revenue on comparable sales growth of 5%.<\/strong>\u00a0Soft apparel and our activewear collection OFFLINE were key highlights, marked by a very successful extension into sleepwear and continued strength in activewear, where our powerful platform combined with our winning price, quality and value equation continues to differentiate us in the market. In leggings, OFFLINE by Aerie is now the #2 ranked specialty brand in our core customer demographic.
      <\/li>\n\n\n\n
    • American Eagle drove comparable sales growth of 3%, closing the fiscal year with its sixth consecutive quarter of expansion.<\/strong>\u00a0We maintained our #1 ranking in denim with our core customer base. Women\u2019s was a standout, reflecting strong traction with new dressing occasions. Additionally, men\u2019s saw sequential improvement, and we were pleased to see new concepts like 24\/7 activewear resonate.
      <\/li>\n\n\n\n
    • Strong operating cash flow of $477 million enabled us to invest in our brands and return over $280 million in cash to stockholders.<\/strong>\u00a0This included $96 million in dividends and $191 million in share repurchases, reflecting 9.5 million shares. Additionally, in March 2025, our Board of Directors authorized an additional 50 million shares for repurchase and we announced a $200 million accelerated share repurchase program.<\/li>\n<\/ul>\n\n\n\n
      \n

      \u201cWe remain excited about our long-term opportunity to grow our incredible portfolio of brands. I believe that our team\u2019s determination, focus and creativity will continue to drive us forward.\u201d<\/strong><\/h2>\n<\/div>\n\n\n\n

      As we look to the future, we remain excited about our long-term opportunity to grow our incredible portfolio of brands. I believe that our team\u2019s determination, focus and creativity will continue to drive us forward.<\/p>\n\n\n\n

      On behalf of our Board of Directors and our entire team, thank you for your continued support and investment in American Eagle Outfitters.<\/p>\n\n\n\n

      \"\"<\/figure>\n\n\n\n

      <\/p>\n","protected":false},"excerpt":{"rendered":"

      Letter from Our CEO May 15, 2025 Jay Schottenstein Executive Chairman of the Boardand Chief Executive Officer Dear Fellow Stockholders: Fiscal 2024 was a positive year for AEO, fueled by our strong brand portfolio and the strength and determination of our amazing associates. Revenue hit an all-time high, and we achieved meaningful profit expansion. In […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-146","page","type-page","status-publish","hentry"],"blocksy_meta":{"has_hero_section":"disabled","page_structure_type":"default","content_style_source":"custom","vertical_spacing_source":"custom","content_area_spacing":"both","content_style":"wide","styles_descriptor":{"styles":{"desktop":"[data-prefix=\"single_page\"] [class*=\"ct-container\"] > article[class*=\"post\"] {--has-boxed:var(--false);--has-wide:var(--true);}","tablet":"","mobile":""},"google_fonts":[],"version":6},"disable_featured_image":"no"},"_links":{"self":[{"href":"https:\/\/melissa-demo.rt.gw\/index.php?rest_route=\/wp\/v2\/pages\/146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/melissa-demo.rt.gw\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/melissa-demo.rt.gw\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/melissa-demo.rt.gw\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/melissa-demo.rt.gw\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=146"}],"version-history":[{"count":3,"href":"https:\/\/melissa-demo.rt.gw\/index.php?rest_route=\/wp\/v2\/pages\/146\/revisions"}],"predecessor-version":[{"id":155,"href":"https:\/\/melissa-demo.rt.gw\/index.php?rest_route=\/wp\/v2\/pages\/146\/revisions\/155"}],"wp:attachment":[{"href":"https:\/\/melissa-demo.rt.gw\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}