AEO - American Eagle Outfitters Non-GAAP EPS of $0.17 in-line revenue of $1.1B beats by $30M

2023-05-24 16:19:39 ET

• American Eagle Outfitters press release ( NYSE: AEO ): Q1 Non-GAAP EPS of $0.17 in-line.
• Revenue of $1.1B (+3.8% Y/Y) beats by $30M .
• Gross profit of $413 million increased approximately 6% compared to $388 million in the first quarter of 2022 and reflected a gross margin rate of 38.2% compared to 36.8% last year.
• GAAP operating income was $23 million. Non-GAAP operating income of $44 million, reflected a 4.1% margin.
• For the second quarter, management’s outlook reflects revenue down low-single digits to last year with operating income in the range of $25 to $35 million.

• For the year, management expects revenue in the range of flat to down low-single digits to last year with operating income in the range of $250 to $270 million.

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