Tearsheet

American Eagle Outfitters (AEO)

Market Price (12/24/2025): $26.55 | Market Cap: $4.5 Bil
Sector: Consumer Discretionary | Industry: Apparel Retail

American Eagle Outfitters (AEO)

Market Price (12/24/2025): $26.55
Market Cap: $4.5 Bil
Sector: Consumer Discretionary
Industry: Apparel Retail

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.6%	Trading close to highs Dist 52W High is -4.3%, Dist 3Y High is -4.3%	Stock price has recently run up significantly 6M Rtn6 month market price return is 181%
1	Megatrend and thematic drivers Megatrends include E-commerce & Digital Retail, and Sustainable Consumption. Themes include Direct-to-Consumer Brands, Eco-friendly Products, Show more.	Weak multi-year price returns 2Y Excs Rtn is -9.7%	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.2%
2			Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 170%
3			Key risks AEO key risks include [1] its failure to anticipate rapidly changing fashion trends in a highly competitive retail landscape and [2] inventory mismanagement leading to significant write-downs and reduced margins.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.6%
1	Megatrend and thematic drivers Megatrends include E-commerce & Digital Retail, and Sustainable Consumption. Themes include Direct-to-Consumer Brands, Eco-friendly Products, Show more.
2	Trading close to highs Dist 52W High is -4.3%, Dist 3Y High is -4.3%
3	Weak multi-year price returns 2Y Excs Rtn is -9.7%
4	Stock price has recently run up significantly 6M Rtn6 month market price return is 181%
5	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.2%
6	Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 170%
7	Key risks AEO key risks include [1] its failure to anticipate rapidly changing fashion trends in a highly competitive retail landscape and [2] inventory mismanagement leading to significant write-downs and reduced margins.

Valuation, Metrics & Events

	12/24/25	2024	2023	2022
Share Price CYE	$26.55	$16.02	$19.85	$12.82
Market Cap CYE ($ Bil)	4.5	3.1	3.9	2.4
Total Debt ($ Bil)	2.0	1.4	1.2	1.4
Total Cash ($ Bil)	0.1	0.4	0.5	0.2
Enterprise Value ($ Bil)	6.3	4.5	5.1	3.8
Valuation Ratios
P/S TTM	0.8	0.6	0.8	0.5
P/EBIT TTM	15.5	7.2	11.4	9.4
P/E TTM	21.5	9.8	24.3	20.3
P/FCF TTM	28.6	12.7	10.2	17.4
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9	0.9
P/EBIT TTM (Sector)	7.7	8.3	7.7	6.5
P/E TTM (Sector)	10.3	11.1	10.3	8.4
P/FCF TTM (Sector)	11.3	12.4	9.5	7.3

	12/24/25	2024	2023
Share Price CYE	$26.55	$16.02	$19.85
Market Cap CYE ($ Bil)	4.5	3.1	3.9
Total Debt ($ Bil)	2.0	1.4	1.2
Total Cash ($ Bil)	0.1	0.4	0.5
Enterprise Value ($ Bil)	6.3	4.5	5.1
Valuation Ratios
P/S TTM	0.8	0.6	0.8
P/EBIT TTM	15.5	7.2	11.4
P/E TTM	21.5	9.8	24.3
P/FCF TTM	28.6	12.7	10.2
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9
P/EBIT TTM (Sector)	7.7	8.3	7.7
P/E TTM (Sector)	10.3	11.1	10.3
P/FCF TTM (Sector)	11.3	12.4	9.5

	AEO	S&P 500
REVENUE GROWTH
Rev LTM ($ Bil)	5.3
Rev Chg Q	5.7%	7.3%
Rev Chg LTM	-1.2%	6.1%
Rev Chg 3Y Avg	2.3%	5.5%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	0.3
CFO LTM ($ Bil)	0.4
Net Inc LTM ($ Bil)	0.2
Op Mgn LTM	5.4%	18.8%
CFO/Rev LTM	7.9%	20.4%
Net Inc Mgn	3.9%	13.1%
VALUATION	MODERATE
P/S	0.8	3.2
P/CFO	10.6	15.7
P/FCF	28.6	20.6
P/E	21.5	23.5
STABILITY	FAIR
Debt/Equity	0.44	0.21
Cash/Assets	0.03	0.07

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Metric	Value	Date	Source
Total Comparable Sales Growth	4%	2012025	Link
Aerie Comparable Sales Growth	5%	2012025	Link
American Eagle Comparable Sales Growth	3%	2012025	Link
Total Company-Owned Stores	1172	2012025	Link
Total Licensed Stores	371	2012025	Link
Customer File Growth	Double digit growth	8292024	Link
Digital Revenue Growth	12%	5292024	Link
Store Revenue Growth	4%	5292024	Link

Recent
12/02/2025	Earnings Release	Rev: $1.0 Bil (A) vs. $1.0 Bil (E) EPS: 0.53 (A) vs. $0.44 (E)
Upcoming
1/09/2026	Dividend	Amount: $0.12 Payment On: 1/23/2026
3/11/2026	Earnings Release	Rev: - EPS: -

AEO Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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The requested time period from August 31, 2025, to today's date, December 25, 2025, is in the future. Therefore, I cannot provide information regarding American Eagle Outfitters (AEO) stock movement and its contributing factors for this period. Show more

Stock Movement Drivers

Fundamental Drivers

The 49.4% change in AEO stock from 9/24/2025 to 12/24/2025 was primarily driven by a 39.8% change in the company's P/E Multiple.

	9242025	12242025	Change
Stock Price ($)	17.75	26.53	49.45%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	5267.00	5340.61	1.40%
Net Income Margin (%)	3.74%	3.90%	4.29%
P/E Multiple	15.38	21.50	39.81%
Shares Outstanding (Mil)	170.76	168.93	1.07%
Cumulative Contribution			49.43%

LTM = Last Twelve Months as of date shown

Market Drivers

9/24/2025 to 12/24/2025

	Return	Correlation
AEO	50.1%
Market (SPY)	4.4%	37.4%
Sector (XLY)	2.3%	47.8%

Fundamental Drivers

The 179.5% change in AEO stock from 6/25/2025 to 12/24/2025 was primarily driven by a 148.2% change in the company's P/E Multiple.

	6252025	12242025	Change
Stock Price ($)	9.49	26.53	179.52%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	5274.38	5340.61	1.26%
Net Income Margin (%)	3.73%	3.90%	4.63%
P/E Multiple	8.66	21.50	148.23%
Shares Outstanding (Mil)	179.55	168.93	5.92%
Cumulative Contribution			178.54%

LTM = Last Twelve Months as of date shown

Market Drivers

6/25/2025 to 12/24/2025

	Return	Correlation
AEO	180.8%
Market (SPY)	14.0%	35.2%
Sector (XLY)	15.3%	38.3%

Fundamental Drivers

The 67.3% change in AEO stock from 12/24/2024 to 12/24/2025 was primarily driven by a 63.7% change in the company's P/E Multiple.

	12242024	12242025	Change
Stock Price ($)	15.86	26.53	67.26%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	5402.93	5340.61	-1.15%
Net Income Margin (%)	4.28%	3.90%	-8.86%
P/E Multiple	13.14	21.50	63.66%
Shares Outstanding (Mil)	191.63	168.93	11.85%
Cumulative Contribution			64.91%

LTM = Last Twelve Months as of date shown

Market Drivers

12/24/2024 to 12/24/2025

	Return	Correlation
AEO	68.0%
Market (SPY)	15.8%	44.9%
Sector (XLY)	5.3%	48.8%

Fundamental Drivers

The 98.0% change in AEO stock from 12/25/2022 to 12/24/2025 was primarily driven by a 61.4% change in the company's Net Income Margin (%).

	12252022	12242025	Change
Stock Price ($)	13.40	26.53	98.00%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	5001.68	5340.61	6.78%
Net Income Margin (%)	2.42%	3.90%	61.35%
P/E Multiple	20.63	21.50	4.20%
Shares Outstanding (Mil)	186.31	168.93	9.33%
Cumulative Contribution			96.28%

LTM = Last Twelve Months as of date shown

Market Drivers

12/25/2023 to 12/24/2025

	Return	Correlation
AEO	34.1%
Market (SPY)	48.9%	43.4%
Sector (XLY)	38.7%	45.3%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
AEO Return	39%	29%	-43%	55%	-19%	66%	110%
Peers Return	�	�	-17%	68%	33%	20%	�
S&P 500 Return	16%	27%	-19%	24%	23%	18%	115%
Monthly Win Rates [3]
AEO Win Rate	50%	58%	25%	67%	33%	50%
Peers Win Rate	�	62%	42%	57%	50%	60%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
AEO Max Drawdown	-54%	-1%	-61%	-27%	-21%	-43%
Peers Max Drawdown	�	�	-44%	-21%	-19%	-42%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: ANF, URBN, VSCO, BKE, GES. See AEO Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/24/2025 (YTD)

How Low Can It Go

Unique Key	Event	AEO	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-74.3%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	289.2%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-55.0%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	122.3%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	147 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-51.3%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	105.2%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	453 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-79.3%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	383.0%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	4,530 days	1,480 days

Compare to

In The Past

American Eagle Outfitters's stock fell -74.3% during the 2022 Inflation Shock from a high on 4/23/2021. A -74.3% loss requires a 289.2% gain to breakeven.

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About American Eagle Outfitters (AEO)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

American Eagle Outfitters, Inc. operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company provides jeans, and specialty apparel and accessories for women and men; and intimates, apparel, activewear, and swim collections, as well as personal care products for women. It also offers graphic tees and other clothing products under the Tailgate brand name; and menswear products under the Todd Snyder New York brand name. As of January 29, 2022, the company operated 880 American Eagle stores, 244 Aerie brand stand-alone stores, and five Todd Snyder stores in the United States, Canada, Mexico, and Hong Kong. It also ships to 81 countries through its Websites; and offers its merchandise at 260 locations operated by licensees in 28 countries, as well as provides products through its Websites ae.com, aerie.com, and toddsnyder.com. American Eagle Outfitters, Inc. was founded in 1977 and is headquartered in Pittsburgh, Pennsylvania.

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Here are 1-2 brief analogies for American Eagle Outfitters (AEO):

Gap for Gen Z and Millennials, plus a thriving intimates and loungewear brand (Aerie).
Like an updated and more inclusive Abercrombie & Fitch, significantly bolstered by its popular Aerie intimates and loungewear line.

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American Eagle Apparel: Casual clothing and accessories, primarily jeans, t-shirts, hoodies, and dresses, targeting young men and women.
Aerie Lingerie and Apparel: Bras, underwear, loungewear, activewear (including "Offline by Aerie"), and swimwear, emphasizing body positivity and comfort for women.
Todd Snyder Collection: Premium men's fashion, offering sophisticated apparel like suits, outerwear, and knitwear, along with accessories.

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American Eagle Outfitters (AEO) - Major Customers

American Eagle Outfitters (AEO) primarily sells its products directly to **individual consumers** through its retail stores and e-commerce websites across its various brands. The company does not primarily sell to other businesses. Based on its brand portfolio, AEO serves the following distinct categories of customers:

Young Adults and Teens (American Eagle): This segment primarily targets individuals in their teens and early twenties, both male and female. These customers seek comfortable, fashionable, and on-trend casual wear, with a strong emphasis on denim, graphic tees, and lifestyle apparel.
Young Women (Aerie): Aerie focuses on young women seeking intimates, loungewear, activewear, and swimwear. The brand strongly emphasizes body positivity, inclusivity, comfort, and self-expression, attracting customers who value authenticity and comfort over traditional beauty standards.
Affluent Adult Males (Todd Snyder): Todd Snyder caters to a more mature and affluent male customer. This segment is interested in elevated menswear, sophisticated casual wear, tailoring, and designer collaborations, valuing quality, craftsmanship, and a refined sense of style.

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Jay Schottenstein, Executive Chairman of the Board and Chief Executive Officer

Jay Schottenstein has served as the Executive Chairman of American Eagle Outfitters since 1992 and as Chief Executive Officer from 1992 to 2002, returning to the CEO role in 2014/2015. Alongside his father, Jerome Schottenstein, he played a crucial role in transforming AEO into a global leader in casual apparel. He was instrumental in the launch and growth of the Aerie brand. Schottenstein oversees a network of influential American retailers, including American Signature, Inc., Designer Brands, Inc., and Schottenstein Stores Corp. He is also the Chairman of SB360 Capital Partners and previously served as CEO of DSW Inc. from 2005 to 2009. His family acquired the remaining interest in American Eagle Outfitters in 1991, having been 50% owners since 1980.

Michael Mathias, Executive Vice President and Chief Financial Officer

Michael Mathias was appointed Executive Vice President and Chief Financial Officer of American Eagle Outfitters in 2020. He joined the company in 1998, holding various key financial and operational roles, including Senior Vice President and Head of Financial Planning and Analysis from 2017 to 2020. Mathias possesses over 20 years of experience in retail, encompassing finance, merchandise planning, strategy, business development, and operations. Before his current role, he served as Vice President of Financial Planning and Analysis at General Nutrition Centers Inc. from 2016 to 2017 and as President and Managing Partner of SY Ventures from 2014 to 2016.

Jennifer Foyle, President, Executive Creative Director – AE & Aerie

Jennifer Foyle joined American Eagle Outfitters in August 2010 to lead the Aerie brand, and her role expanded in 2020 to also oversee the strategic vision of American Eagle, becoming President, Executive Creative Director – AE & Aerie. She has been a driving force behind Aerie's significant growth, leading its expansion to a nearly $2 billion brand, with sales growing from $225 million in 2014 to over $1 billion in 2020. In 2014, Foyle revolutionized the intimate apparel industry by spearheading the #AerieREAL movement, which brought body positivity and inclusivity to the forefront. She is responsible for leading Design, Merchandising, Marketing, Visual, and Business Strategies for both brands. Prior to AEO, Foyle was the President of the global lifestyle brand Calypso St. Barth and held positions of increasing responsibility at Gap Inc. and J. Crew, having started her career at Bloomingdale's.

Marisa A. Baldwin, Executive Vice President, Chief Human Resources Officer

Marisa A. Baldwin has served as the Executive Vice President and Chief Human Resources Officer of American Eagle Outfitters since 2021. Her previous experience includes serving as Chief Human Resources Officer of Ascena Retail Group/ANN Inc. from 2019 to 2021. Before that, she held various human resources leadership roles at ANN INC. from 2011 to 2019. Baldwin also held human resources leadership positions at Starbucks Corp. and Diageo North America Inc.

Sarah Clarke, Executive Vice President, Chief Supply Chain Officer

Sarah Clarke was appointed Executive Vice President and Chief Supply Chain Officer of American Eagle Outfitters in 2023. She is a strategic leader with more than two decades of extensive experience in supply chain management across large-scale, multi-brand retail organizations. Before joining AEO, Clarke served as Chief Supply Chain Officer at PVH Corporation from 2021 to 2023. She also held significant leadership roles at Gap Inc., where she led efforts to optimize the company’s supply chain.

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The key risks to American Eagle Outfitters (AEO) are:

Changing Consumer Preferences and Competitive Landscape
The company operates in a highly competitive retail industry and faces significant challenges from other retailers, both in physical stores and online, including fast-fashion brands. AEO's ability to anticipate and respond to continuously changing fashion trends, consumer tastes, and preferences is critical. Failure to do so can adversely impact its brand reputation, market share, and financial performance.
Economic Factors and Discretionary Spending
American Eagle Outfitters is vulnerable to economic fluctuations, including inflation, unemployment rates, and a potential recession. These macroeconomic conditions directly influence consumer discretionary spending habits, which can lead to decreased demand for apparel and negatively impact the company's sales and profitability.
Inventory Mismanagement and Supply Chain Disruptions
A key risk involves the company's ability to effectively manage its inventory. Misalignment between inventory levels and consumer demand, as evidenced by significant inventory write-downs, can lead to increased costs and reduced margins. This challenge is further exacerbated by rising tariffs and potential supply chain disruptions, which can inflate costs for imported goods.

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The rise and dominance of ultra-fast fashion retailers (e.g., Shein, Temu) which offer significantly lower price points, rapid trend adoption, and vast product assortments, placing substantial competitive pressure on traditional apparel retailers like AEO, particularly among younger, value-conscious demographics.
The accelerating growth and mainstream adoption of the apparel resale market (e.g., ThredUp, Poshmark, Depop). This trend encourages consumers, especially Gen Z, to purchase secondhand clothing, potentially cannibalizing sales of new items from brands like American Eagle and Aerie as consumers prioritize sustainability and value.

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American Eagle Outfitters (AEO) operates primarily through its American Eagle and Aerie brands, focusing on casual apparel, intimates, and activewear. The addressable markets for their main products and services are as follows:

Denim Apparel: The global jeans market was valued at approximately USD 80.3 billion in 2023 and is projected to reach USD 120.0 billion by 2033, growing at a CAGR of 4.2% from 2024 to 2033. North America is identified as the largest regional market for jeans. The North American denim market was valued at USD 29.0 billion in 2024 and is projected to grow to USD 39.0 billion by 2035.
Intimates and Loungewear: The global lingerie market was valued at USD 44.92 billion in 2024 and is projected to grow to USD 87.35 billion by 2032, exhibiting a CAGR of 8.67%. Another estimate places the intimate wear market at USD 44.6 billion in 2024, with an anticipated increase to USD 75.3 billion by 2035 globally. North America dominated the intimate lingerie market with over 27.6% share in 2023.
Activewear: The global activewear market was estimated at USD 404 billion in 2024 and is expected to grow to USD 786.6 billion by 2034, at a CAGR of 6.9%. North America holds a significant share of this market, accounting for 38.46% of the revenue in 2024.

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American Eagle Outfitters (AEO) is focusing on several key drivers to fuel its revenue growth over the next 2-3 years, as outlined in its "Powering Profitable Growth" plan. These strategic initiatives aim to build upon the company's brand strength and expand its market reach.

Aerie Brand Expansion and OFFLINE by Aerie Growth: A significant driver of future revenue growth for AEO is the continued expansion of its Aerie brand, which has demonstrated strong performance. The company is accelerating the growth of OFFLINE by Aerie, especially within the activewear segment, and plans to open 25 to 40 new Aerie and OFFLINE stores, utilizing both stand-alone and side-by-side locations.
American Eagle Brand Amplification and Denim Leadership: AEO intends to amplify its core American Eagle brand by reinforcing its market leadership in denim and expanding into "right-to-win adjacencies." The company plans to open approximately 5 to 15 new American Eagle stores.
Digital Transformation and E-commerce Growth: AEO is investing in digital platforms, mobile technology, digital marketing, and enhancing the overall digital customer journey. These investments are crucial for reaching a wider audience and driving e-commerce growth, which is a key component of its "Powering Profitable Growth" strategy.
International Market Expansion: The company is expanding its international presence through strategic licensing agreements in over 30 countries. This approach allows AEO to broaden its global footprint and access new customer segments.
Strategic Store Openings and Remodels: Beyond new Aerie and American Eagle store openings, AEO is focusing on strategic store remodels and continued investment in its physical retail presence. These efforts are designed to enhance the in-store customer experience and support overall growth.

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Share Repurchases

In February 2024, American Eagle Outfitters' Board of Directors authorized a new share repurchase program for 30 million shares, valid through February 3, 2029.
In Fiscal Year 2024, the company repurchased 9.5 million shares for $191 million.
In March 2025, AEO announced a $200 million accelerated share repurchase agreement, which is part of an existing authorization of 68.5 million shares that was increased by an additional 50 million shares through February 3, 2029.

Share Issuance

American Eagle Outfitters reissued a small number of shares from treasury stock for share-based payments: approximately 2,539 shares in Fiscal 2023, 1,643 shares in Fiscal 2022, and 2,798 shares in Fiscal 2021.

Capital Expenditures

For fiscal year 2025, American Eagle Outfitters expects capital expenditures to be approximately $300 million. This includes a one-time cost of $40 million for relocating to a new Manhattan office.
These anticipated expenditures for 2025 are focused on enhancing digital platforms, supporting e-commerce growth, and investing in automation and distribution centers to create cost efficiencies.
Capital expenditures totaled $223 million for fiscal year 2024. In fiscal year 2022, they were $260.4 million, with significant investments in new store openings (87 stores across AEO brands), information technology initiatives, and Quiet Platforms.

Interactive Breakdown

American Eagle Outfitters Interactive Breakdown Analysis

Better Bets than American Eagle Outfitters (AEO)

INDUSTRY: Apparel Retail

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SECTOR: Consumer Discretionary

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Booking

HD (13.0%)

Home Depot

AMZN (11.4%)

Amazon.com

TJX (11.3%)

TJX Companies

Higher CFO/Rev LTM (Value for AEO: 7.9%)

MCD (39.9%)

McDonald's

BKNG (33.2%)

Booking

AMZN (18.1%)

Amazon.com

TSLA (16.5%)

Tesla

HD (10.6%)

Home Depot

Higher FCF/Rev LTM (Value for AEO: 2.9%)

BKNG (31.9%)

Booking

MCD (28.1%)

McDonald's

HD (8.4%)

Home Depot

TJX (7.5%)

TJX Companies

TSLA (7.1%)

Tesla

Higher Total Yield (Value for AEO: 5.6%)

F (12.2%)

Ford Motor

DHI (9.4%)

D.R. Horton

LOW (6.9%)

Lowe's Companies

HD (6.9%)

Home Depot

MCD (6.0%)

McDonald's

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for AEO: 2.3% | 0.8x)

UNH (11.4% | 0.7x)

UnitedHealth

MCK (12.6% | 0.3x)

McKesson

CVS (7.7% | 0.3x)

CVS Health

ELV (8.4% | 0.4x)

Elevance Health

CI (13.6% | 0.3x)

Cigna

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for AEO: 2.3% | 15.5x)

UNH (11.4% | 11.3x)

UnitedHealth

MRK (2.9% | 11.9x)

Merck

TMUS (2.4% | 11.5x)

T-Mobile US

DIS (4.5% | 14.9x)

Walt Disney

GILD (2.3% | 14.0x)

Gilead Sciences

Higher Rev Chg LTM (Value for AEO: -1.2%)

NVDA (65.2%)

NVIDIA

META (21.3%)

Meta Platforms

MSFT (15.6%)

Microsoft

GOOGL (13.4%)

Alphabet

AAPL (6.0%)

Apple

Higher Rev Chg 3Y Avg (Value for AEO: 2.3%)

NVDA (91.6%)

NVIDIA

AVGO (25.2%)

Broadcom

META (17.3%)

Meta Platforms

MSFT (13.2%)

Microsoft

GOOGL (11.0%)

Alphabet

Higher Op Mgn LTM (Value for AEO: 5.4%)

NVDA (58.8%)

NVIDIA

MSFT (46.3%)

Microsoft

META (43.2%)

Meta Platforms

GOOGL (32.2%)

Alphabet

AAPL (31.9%)

Apple

Higher CFO/Rev LTM (Value for AEO: 7.9%)

META (56.8%)

Meta Platforms

MSFT (50.0%)

Microsoft

NVDA (44.4%)

NVIDIA

GOOGL (39.3%)

Alphabet

AAPL (26.6%)

Apple

Higher FCF/Rev LTM (Value for AEO: 2.9%)

NVDA (41.3%)

NVIDIA

MSFT (26.6%)

Microsoft

META (23.7%)

Meta Platforms

AAPL (23.5%)

Apple

GOOGL (19.1%)

Alphabet

Higher Total Yield (Value for AEO: 5.6%)

XOM (9.2%)

Exxon Mobil

JNJ (7.5%)

Johnson & Johnson

BAC (7.1%)

Bank of America

JPM (6.4%)

JPMorgan Chase

BRK-B (6.2%)

Berkshire Hathaway

		Best Bets In Consumer Discretionary Sector
	AEO	ABNB	BKNG	DUOL	MCD	ETSY	LOPE	ALSN	GRMN	CROX	WH
What You Pay
P/E	21.6	31.8	35.0	21.5	26.5	30.5	22.1	12.1	25.1	21.4	17.3
P/EBIT	15.5	30.9	21.0	78.3	18.3	13.4	14.7	8.9	22.2	18.6	10.2
What You Get
Rev Chg Q	5.7%	9.7%	12.7%	41.1%	3.0%	2.4%	9.6%	-15.9%	11.7%	3.4%	-3.5%
Rev Chg LTM	-1.2%	10.2%	13.0%	39.9%	1.2%	2.0%	7.0%	-4.2%	16.6%	2.0%	3.4%
Rev Chg 3Y Avg	2.3%	14.2%	17.8%	41.7%	4.2%	4.9%	6.5%	4.6%	12.2%	14.5%	-2.5%
FCF/Rev 3Y Avg	6.0%	40.2%	35.6%	30.3%	27.4%	23.8%	21.8%	21.0%	20.5%	19.8%	19.0%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 14%, alpha of 2.9%, and sharpe of 0.61

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	American Eagle Outfitters Earnings Notes
2	American Eagle Outfitters Earnings Notes
3	ANF Beats American Eagle Outfitters Stock on Price & Growth	Actionable
4	American Eagle Outfitters Stock Soars 59% In A Single Month, Now Is Not The Time To Buy The Stock	Buy or Fear
5	Does American Eagle Outfitters Stock Lead the Pack?
6	With American Eagle Outfitters Stock Surging, Have You Considered The Downside?	Return
7	Big Move for AEO, but Do GAP's Margins and Growth Give It the Edge?	Counter-Intuitive Comparisons
8	Why American Eagle Outfitters Stock Moved: AEO Stock Has Gained 117% Since 2022 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)
9	Day 5 of Gains Streak for American Eagle Outfitters Stock with 21% Return (vs. -26% YTD) [7/28/2025]	Notification
10	AEO Dip Buy Analysis

	Title
0	ARTICLES

Trade Ideas

Select ideas related to AEO. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE	11302025	BBWI	Bath & Body Works	Dip Buy	DB \| Insider Buys \| Low D/EDip Buy with Strong Insider Buying Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	10.6%	10.6%	0.0%
HRB_11262025_Dip_Buyer_FCFYield	11262025	HRB	H&R Block	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	4.8%	4.8%	-0.1%
LRN_11262025_Dip_Buyer_FCFYield	11262025	LRN	Stride	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	2.6%	2.6%	-4.4%
ABNB_11212025_Dip_Buyer_FCFYield	11212025	ABNB	Airbnb	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	19.5%	19.5%	0.0%
MTN_11212025_Dip_Buyer_FCFYield	11212025	MTN	Vail Resorts	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.9%	3.9%	-1.6%
AEO_3312025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	03312025	AEO	American Eagle Outfitters	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	52.0%	136.5%	-18.9%
AEO_3312020_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	03312020	AEO	American Eagle Outfitters	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	76.0%	272.2%	-15.3%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
OMER	Omeros	0.9	75.5%	55.5%
DVAX	Dynavax Technologies	1.8	38.2%	20.4%
EWTX	Edgewise Therapeutics	2.9	25.5%	2.2%
AGIO	Agios Pharmaceuticals	1.7	18.6%	-11.2%
TVTX	Travere Therapeutics	3.6	13.9%	131.2%
KOD	Kodiak Sciences	1.6	13.2%	212.4%
RZLT	Rezolute	0.3	13.2%	-44.1%
UP	Wheels Up Experience	0.5	11.7%	-57.4%
FBYD	Falcons Beyond Global	0.7	9.5%	129.7%
BW	Babcock & Wilcox Enterprises	0.5	8.5%	226.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ASTS	AST SpaceMobile	18.9	-8.9%	269.9%
QBTS	D-Wave Quantum	9.4	-5.5%	227.6%
NNE	Nano Nuclear Energy	1.2	-4.6%	21.7%
MNMD	Mind Medicine	1.2	-4.2%	93.0%
PPTA	Perpetua Resources	2.0	-4.0%	149.1%
KOS	Kosmos Energy	0.4	-4.0%	-73.6%
FRMI	Fermi	5.5	-4.0%	-75.7%
EXOD	Exodus Movement	0.4	-3.9%	-50.5%
TLRY	Tilray Brands	10.8	-3.6%	-23.7%
AEHR	Aehr Test Systems	0.7	-3.1%	32.7%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
OMER	Omeros	0.9	74.0%	55.5%
LUNR	Intuitive Machines	2.0	63.7%	-8.0%
AAOI	Applied Optoelectronics	2.6	51.1%	11.2%
FBYD	Falcons Beyond Global	0.7	47.2%	129.7%
FLY	Firefly Aerospace	3.8	45.9%	-55.2%
RKLB	Rocket Lab	39.8	43.0%	203.0%
DVAX	Dynavax Technologies	1.8	42.5%	20.4%
UAMY	United States Antimony	0.8	39.9%	258.8%
DJT	Trump Media & Technology	4.0	36.7%	-58.0%
RZLT	Rezolute	0.3	36.3%	-44.1%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
NOW	ServiceNow	31.7	-80.5%	-28.0%
TPL	Texas Pacific Land	6.8	-66.5%	-19.2%
LW	Lamb Weston	6.0	-28.6%	-34.8%
TLRY	Tilray Brands	10.8	-21.2%	-23.7%
INSP	Inspire Medical Systems	2.8	-19.1%	-48.4%
TDUP	ThredUp	0.8	-17.1%	354.7%
OLMA	Olema Pharmaceuticals	2.3	-15.8%	370.8%
IIPR	Innovative Industrial Properties	1.4	-12.9%	-15.7%
ABM	ABM Industries	2.6	-12.6%	-15.8%
FRMI	Fermi	5.5	-12.6%	-75.7%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
WVE	WAVE Life Sciences	3.0	144.6%	47.5%
TE	T1 Energy	1.1	124.5%	418.4%
ANF	Abercrombie & Fitch	6.0	93.2%	-15.2%
VERA	Vera Therapeutics	3.6	90.4%	31.6%
LUNR	Intuitive Machines	2.0	85.7%	-8.0%
AAOI	Applied Optoelectronics	2.6	82.5%	11.2%
RKLB	Rocket Lab	39.8	81.8%	203.0%
PL	Planet Labs PBC	6.2	76.1%	403.0%
NRGV	Energy Vault	0.8	66.9%	118.9%
FLY	Firefly Aerospace	3.8	60.4%	-55.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.3	-72.0%	-44.1%
JANX	Janux Therapeutics	0.9	-54.6%	-73.3%
LENZ	LENZ Therapeutics	0.5	-46.3%	-40.6%
FRMI	Fermi	5.5	-45.2%	-75.7%
GOGO	Gogo	0.6	-34.1%	-43.0%
HPK	HighPeak Energy	0.6	-30.8%	-69.2%
ORIC	ORIC Pharmaceuticals	0.7	-28.5%	4.5%
FDMT	4D Molecular Therapeutics	0.5	-25.6%	45.4%
NKTR	Nektar Therapeutics	0.6	-25.1%	215.0%
LW	Lamb Weston	6.0	-24.8%	-34.8%

Peer Comparisons for American Eagle Outfitters

Peers to compare with:

Financials

	AEO	ANF	URBN	VSCO	BKE	GES	Median
Name	American.	Abercrom.	Urban Ou.	Victoria.	Buckle	Guess
Mkt Price	26.53	126.70	78.19	54.20	54.58	16.78	54.39
Mkt Cap	4.5	5.9	7.0	4.4	2.7	0.9	4.4
Rev LTM	5,341	5,181	6,000	6,390	1,278	3,144	5,261
Op Inc LTM	290	719	572	310	257	125	300
FCF LTM	157	385	403	309	215	62	262
FCF 3Y Avg	310	468	281	240	207	122	261
CFO LTM	424	621	633	500	260	145	462
CFO 3Y Avg	530	659	491	452	248	202	472

Growth & Margins

	AEO	ANF	URBN	VSCO	BKE	GES	Median
Name	American.	Abercrom.	Urban Ou.	Victoria.	Buckle	Guess
Rev Chg LTM	-1.2%	7.6%	11.1%	3.0%	4.7%	6.4%	5.6%
Rev Chg 3Y Avg	2.3%	12.4%	8.2%	-0.5%	-1.1%	5.7%	4.0%
Rev Chg Q	5.7%	6.8%	12.3%	9.3%	9.3%	7.2%	8.2%
QoQ Delta Rev Chg LTM	1.4%	1.6%	2.9%	2.0%	2.2%	1.7%	1.9%
Op Mgn LTM	5.4%	13.9%	9.5%	4.9%	20.1%	4.0%	7.5%
Op Mgn 3Y Avg	6.6%	12.3%	8.0%	4.5%	20.7%	6.5%	7.3%
QoQ Delta Op Mgn LTM	-0.3%	-0.7%	-0.0%	0.4%	0.1%	-0.6%	-0.1%
CFO/Rev LTM	7.9%	12.0%	10.5%	7.8%	20.3%	4.6%	9.2%
CFO/Rev 3Y Avg	10.2%	14.2%	8.9%	7.2%	19.6%	7.0%	9.5%
FCF/Rev LTM	2.9%	7.4%	6.7%	4.8%	16.8%	2.0%	5.8%
FCF/Rev 3Y Avg	6.0%	10.2%	5.1%	3.8%	16.4%	4.3%	5.5%

Valuation

	AEO	ANF	URBN	VSCO	BKE	GES	Median
Name	American.	Abercrom.	Urban Ou.	Victoria.	Buckle	Guess
Mkt Cap	4.5	5.9	7.0	4.4	2.7	0.9	4.4
P/S	0.8	1.1	1.2	0.7	2.1	0.3	1.0
P/EBIT	15.5	8.0	11.6	14.2	10.7	7.1	11.1
P/E	21.5	11.4	14.3	25.8	13.3	10.8	13.8
P/CFO	10.6	9.6	11.1	8.8	10.6	6.0	10.1
Total Yield	5.6%	8.8%	7.0%	3.9%	14.8%	16.3%	7.9%
Dividend Yield	1.0%	0.0%	0.0%	0.0%	7.2%	7.0%	0.5%
FCF Yield 3Y Avg	9.3%	11.3%	6.6%	13.8%	9.7%	11.7%	10.5%
D/E	0.4	0.2	0.2	0.7	0.1	1.9	0.3
Net D/E	0.4	0.1	0.1	0.7	0.0	1.7	0.2

Returns

	AEO	ANF	URBN	VSCO	BKE	GES	Median
Name	American.	Abercrom.	Urban Ou.	Victoria.	Buckle	Guess
1M Rtn	38.9%	93.1%	25.7%	47.8%	1.5%	0.6%	32.3%
3M Rtn	49.4%	42.2%	9.8%	111.3%	-6.7%	1.6%	26.0%
6M Rtn	179.5%	59.4%	13.4%	187.1%	24.8%	43.5%	51.5%
12M Rtn	67.3%	-16.7%	43.3%	30.2%	15.4%	27.2%	28.7%
3Y Rtn	98.0%	469.2%	224.2%	34.2%	57.6%	9.0%	77.8%
1M Excs Rtn	35.5%	89.7%	22.3%	44.4%	-1.9%	-2.8%	28.9%
3M Excs Rtn	45.4%	39.3%	4.8%	106.9%	-11.5%	-3.2%	22.0%
6M Excs Rtn	168.7%	45.8%	-2.2%	173.8%	9.9%	31.5%	38.6%
12M Excs Rtn	48.7%	-34.9%	25.0%	3.7%	-0.7%	9.8%	6.8%
3Y Excs Rtn	17.9%	402.0%	117.2%	-40.9%	-21.2%	-69.2%	-1.6%

FDIC Bank Data

Bank Capital

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Bank Deposits

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Bank Assets

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Bank Loans

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FDA Approved Drugs Data

Expand for Morenull

Financials

Annual
Quarterly

$ Mil \| FY: 2/1	LTM	2025	2024	2023	2022	2021	2020
Period End	11/1/2025	2/1/2025	2/3/2024	1/28/2023	1/29/2022	1/30/2021	2/1/2020
Filing Date	12/9/2025	3/20/2025	3/15/2024	3/13/2023	3/14/2022	3/11/2021	3/12/2020
Key Financials
Total Revenue	5,341	5,329	5,262	4,990	5,011	3,759	4,308
EBITDA	514	665	600	482	774	-102	495
Operating Income	290	445	364	269	603	8	314
Net Income	208	329	170	125	420	-209	191
EPS	1.18	1.71	0.87	0.69	2.50	-1.26	1.13
Growth Rates
Total Revenue Growth	-1.2%	1.3%	5.4%	-0.4%	33.3%	-12.7%	6.8%
EBITDA Growth	-21.6%	11.0%	24.5%	-37.8%	858.4%	-120.6%	-2.7%
Operating Income Growth	-32.9%	22.1%	35.3%	-55.3%	7010.1%	-97.3%	-7.3%
Net Income Growth	-9.9%	93.7%	35.9%	-70.2%	300.5%	-209.4%	-27.0%
Margins
EBITDA Margin	9.6%	12.5%	11.4%	9.7%	15.4%	-2.7%	11.5%
Operating Income Margin	5.4%	8.3%	6.9%	5.4%	12.0%	0.2%	7.3%
Net Income Margin	3.9%	6.2%	3.2%	2.5%	8.4%	-5.6%	4.4%
Cash & Debt
Total Cash	113	359	454	170	435	850	417
Total Debt	1,971	1,446	1,186	1,367	1,806	1,803	1,601
Net Debt / (Cash)	1,858	1,087	732	1,197	1,372	952	1,184
Cash Flows
Net Cash from Operations	424	477	581	406	304	202	415
Free Cash from Operations	157	254	406	146	70	75	205
Returns to Shareholders
Dividends	88	96	84	65	114	23	93
Share Repurchases	301	205	31	210	24	25	120

$ Mil \| FY: 2/1	2026Q3	2026Q2	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4
Period End	11/1/2025	8/2/2025	5/3/2025	2/1/2025	11/2/2024	8/3/2024	5/4/2024	2/3/2024	10/28/2023	7/29/2023	4/29/2023	1/28/2023
Filing Date	12/9/2025	9/9/2025	6/5/2025	3/20/2025	12/4/2024	8/29/2024	5/30/2024	3/15/2024	11/21/2023	9/6/2023	5/25/2023	3/13/2023
Key Financials Quarterly
Total Revenue	1,363	1,284	1,090	1,605	1,289	1,291	1,144	1,679	1,301	1,201	1,081	1,496
Ebitda	168	162	-15	199	177	156	133	190	185	123	102	158
Operating Income	113	103	-68	142	124	101	78	130	125	65	44	96
Net Income	91	78	-65	104	80	77	68	6	97	49	18	55
EPS	0.54	0.45	-0.36	0.55	0.42	0.40	0.34	0.03	0.50	0.25	0.09	0.29
Key Financials TTM
Total Revenue TTM	5,341	5,267	5,274	5,329	5,403	5,415	5,325	5,262	5,079	5,018	5,016	4,990
Ebitda TTM	514	524	518	665	656	664	631	600	567	552	435	428
Operating Income TTM	290	301	299	445	432	434	398	364	331	323	271	269
Net Income TTM	208	197	197	329	231	248	219	170	218	203	112	125
Growth Rates Quarterly
Total Revenue Growth	5.7%	-0.6%	-4.7%	-4.4%	-0.9%	7.5%	5.8%	12.2%	4.9%	0.2%	2.5%	-0.8%
EBITDA Growth	-5.5%	4.0%	-110.9%	4.7%	-3.9%	27.0%	30.3%	20.6%	8.6%	2260.5%	7.4%	18.0%
Operating Income Growth	-9.0%	2.0%	-187.4%	9.7%	-1.4%	54.9%	76.5%	35.4%	6.6%	365.9%	5.3%	4.2%
Net Income Growth	14.2%	0.5%	-195.8%	1552.1%	-17.3%	59.1%	267.2%	-88.4%	19.0%	214.4%	-41.9%	8.3%
Margins Quarterly
EBITDA Margin	12.3%	12.6%	-1.3%	12.4%	13.8%	12.1%	11.6%	11.3%	14.2%	10.2%	9.4%	10.5%
Operating Income Margin	8.3%	8.0%	-6.2%	8.9%	9.6%	7.8%	6.8%	7.7%	9.6%	5.4%	4.1%	6.4%
Net Income Margin	6.7%	6.0%	-6.0%	6.5%	6.2%	6.0%	5.9%	0.4%	7.4%	4.0%	1.7%	3.6%
Cash & Debt
Total Cash	113	127	88	359	160	192	301	454	241	175	118	170
Total Debt	1,971	1,997	1,767	1,446	1,391	1,323	1,306	1,186	1,222	1,284	1,339	1,367
Net Debt / (Cash)	1,858	1,871	1,679	1,087	1,231	1,131	1,006	732	981	1,108	1,221	1,197
Cash Flows Quarterly
FCF from Operations	67	28	-55	384	53	78	-38	296	136	156	-8	493
Cash Flows TTM
FCF from Operations TTM	424	410	460	477	389	473	551	581	777	659	506	406
Returns to Shareholders Quarterly
Dividends	21	21	22	24	24	24	25	25	20	20	20	0
Share Repurchases	0	0	241	60	0	96	48	20	0	0	10	0
Return on Invested Capital (ROIC) Quarterly
ROIC	17.8%	16.9%	-12.4%	37.0%	29.7%	26.7%	25.4%	28.5%	37.4%	17.2%	10.5%	24.4%
Return on Invested Capital (ROIC) TTM
ROIC TTM	11.2%	11.6%	12.7%	30.5%	26.2%	28.5%	29.2%	35.3%	24.9%	21.4%	15.3%	15.8%

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022	2021
American Eagle	3,362	3,263	3,556	2,734	3,480
Aerie	1,670	1,507	1,376	990	801
Other	489	469	79	35	28
Intersegment Elimination	-259	-249
Total	5,262	4,990	5,011	3,759	4,308

Operating Income by Segment

$ Mil	2025	2024	2023	2022	2021
American Eagle	600	541	786	93	484
Aerie	276	167	212	60	47
Intersegment Elimination	0
Other	-36	-57	-407	-425	-298
Impairment, restructuring and other charges	-153	-22
Unallocated corporate expenses	-464	-383
Total	223	247	591	-271	233

Price Behavior

Price Behavior

Market Price	$26.65
Market Cap ($ Bil)	4.6
First Trading Date	04/14/1994
Distance from 52W High	-4.3%
	50 Days	200 Days
DMA Price	$20.00	$14.18
DMA Trend	up	up
Distance from DMA	33.2%	87.9%
	3M	1YR
Volatility	54.1%	73.3%
Downside Capture	4.49	177.66
Upside Capture	194.20	204.40
Correlation (SPY)	37.9%	44.7%

AEO Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.81	1.90	2.42	2.83	1.70	1.48
Up Beta	2.26	3.40	5.57	5.22	1.80	1.60
Down Beta	0.70	1.66	1.22	1.31	0.98	1.14
Up Capture	396%	236%	371%	459%	374%	384%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	12	23	34	60	115	381
Down Capture	80%	113%	106%	186%	146%	109%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	7	18	28	64	129	357

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

		Comparison of AEO With Other Asset Classes (Last 1Y)
	AEO	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	69.6%	8.3%	19.2%	71.9%	8.9%	6.0%	-10.4%
Annualized Volatility	72.9%	24.3%	19.5%	19.3%	15.3%	17.1%	35.0%
Sharpe Ratio	1.00	0.27	0.78	2.69	0.36	0.18	-0.12
Correlation With Other Assets		48.4%	44.7%	-2.1%	14.4%	34.6%	21.5%

ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of AEO With Other Asset Classes (Last 5Y)
	AEO	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	9.9%	9.8%	14.9%	18.7%	11.7%	4.8%	32.6%
Annualized Volatility	53.4%	23.8%	17.1%	15.5%	18.7%	18.9%	48.7%
Sharpe Ratio	0.38	0.37	0.70	0.97	0.51	0.17	0.59
Correlation With Other Assets		47.0%	45.2%	-0.0%	11.3%	33.6%	17.0%

Based On 10-Year Data

		Comparison of AEO With Other Asset Classes (Last 10Y)
	AEO	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	8.4%	13.1%	14.7%	14.9%	6.9%	5.2%	69.2%
Annualized Volatility	51.4%	22.0%	18.0%	14.8%	17.6%	20.8%	55.8%
Sharpe Ratio	0.36	0.55	0.70	0.83	0.31	0.22	0.90
Correlation With Other Assets		48.0%	44.5%	-6.5%	14.2%	36.9%	12.8%

Short Interest

Short Interest: As Of Date	12152025
Short Interest: Shares Quantity	16,663,626
Short Interest: % Change Since 11302025	-24.2%
Average Daily Volume	13,513,105
Days-to-Cover Short Interest	1.23
Basic Shares Quantity	168,925,000
Short % of Basic Shares	9.9%

Returns Analyses

	Title
0	With American Eagle Outfitters Stock Surging, Have You Considered The Downside?
1	American Eagle Outfitters During 2008 Recession vs. 2022 Inflation Shock: AEO Stock Has 19% Upside If It Recovers To Pre-Inflation Shock Levels
2	American Eagle Outfitters Stock Return Comparison
3	[10/14/2021] American Eagle Outfitters (AEO) Stock Price Forecast: AI Forecasts AEO Stock Price To Be Around $24.80 In A Month (Up 1.9%)
4	American Eagle Outfitters (AEO) Stock Return: AI Predicts AEO Average and Excess Return After a Fall or Rise

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
12/2/2025	15.1%	14.8%
9/3/2025	38.0%	41.3%	24.4%
5/29/2025	-2.0%	-9.3%	-14.0%
3/12/2025	-4.1%	4.0%	-6.7%
12/4/2024	-14.3%	-14.1%	-16.2%
8/29/2024	-4.2%	-11.3%	1.2%
5/29/2024	-7.6%	-9.8%	-17.0%
3/7/2024	-1.9%	-1.0%	4.5%
...
SUMMARY STATS
# Positive	11	10	11
# Negative	14	15	14
Median Positive	2.5%	7.5%	8.8%
Median Negative	-4.2%	-9.3%	-14.0%
Max Positive	38.0%	41.3%	26.3%
Max Negative	-14.3%	-21.8%	-20.5%

	Forward Returns
12/2/2025	15.1%	14.8%
9/3/2025	38.0%	41.3%	24.4%
5/29/2025	-2.0%	-9.3%	-14.0%
3/12/2025	-4.1%	4.0%	-6.7%
12/4/2024	-14.3%	-14.1%	-16.2%
8/29/2024	-4.2%	-11.3%	1.2%
5/29/2024	-7.6%	-9.8%	-17.0%
3/7/2024	-1.9%	-1.0%	4.5%
11/21/2023	1.0%	14.9%	26.3%
8/3/2023	2.5%	5.5%	16.8%
5/24/2023	-11.9%	-14.7%	-3.3%
3/1/2023	1.2%	-0.5%	-6.8%
11/22/2022	18.2%	20.8%	10.3%
9/7/2022	-8.7%	-6.9%	-6.9%
5/26/2022	-6.6%	-8.8%	-12.6%
3/2/2022	-9.3%	-14.6%	-20.5%
11/23/2021	-2.1%	-10.3%	-18.7%
9/2/2021	-0.4%	0.1%	-4.7%
5/26/2021	2.3%	-5.0%	6.9%
3/4/2021	3.1%	6.7%	8.4%
11/30/2020	-0.5%	8.3%	12.6%
9/11/2020	7.5%	6.2%	8.8%
6/5/2020	0.6%	-7.8%	-17.4%
3/9/2020	-3.2%	-21.8%	-17.9%
12/16/2019	0.1%	-2.9%	1.5%
SUMMARY STATS
# Positive	11	10	11
# Negative	14	15	14
Median Positive	2.5%	7.5%	8.8%
Median Negative	-4.2%	-9.3%	-14.0%
Max Positive	38.0%	41.3%	26.3%
Max Negative	-14.3%	-21.8%	-20.5%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
10312025	12092025	10-Q 11/1/2025
7312025	9092025	10-Q 8/2/2025
4302025	6052025	10-Q 5/3/2025
1312025	3202025	10-K 2/1/2025
10312024	12042024	10-Q 11/2/2024
7312024	8292024	10-Q 8/3/2024
4302024	5302024	10-Q 5/4/2024
1312024	3152024	10-K 2/3/2024
10312023	11212023	10-Q 10/28/2023
7312023	9062023	10-Q 7/29/2023
4302023	5252023	10-Q 4/29/2023
1312023	3132023	10-K 1/28/2023
10312022	11232022	10-Q 10/29/2022
7312022	9072022	10-Q 7/30/2022
4302022	5262022	10-Q 4/30/2022
1312022	3142022	10-K 1/29/2022

Insider Activity

Expand for More

	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Spiegel Noel Joseph		9092025	Sell	18.12	40,000	724,856		Form
1	PAGE JANICE E		9092025	Sell	18.04	26,869	484,717	1,630,509	Form
2	MCMILLAN CARY D		9092025	Sell	18.11	9,002	163,071		Form
3	Foyle Jennifer M.	Global Brand President-aerie	9092025	Sell	18.14	54,950	996,793	4,010,881	Form
4	MCMILLAN CARY D		1172025	Sell	16.02	2,999	48,044		Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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American Eagle Outfitters (AEO)

Market Price (12/24/2025): $26.55 | Market Cap: $4.5 BilSector: Consumer Discretionary | Industry: Apparel Retail

American Eagle Outfitters (AEO)

Market Price (12/24/2025): $26.55Market Cap: $4.5 BilSector: Consumer DiscretionaryIndustry: Apparel Retail

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

AEO Stock

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About American Eagle Outfitters (AEO)

American Eagle Outfitters (AEO) - Major Customers

Changing Consumer Preferences and Competitive Landscape

Economic Factors and Discretionary Spending

Inventory Mismanagement and Supply Chain Disruptions

Share Repurchases

Share Issuance

Capital Expenditures

Interactive Breakdown

Better Bets than American Eagle Outfitters (AEO)

INDUSTRY: Apparel Retail

Higher Rev Chg 3Y Avg | Lower P/S (Values for AEO: 2.3% | 0.8x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for AEO: 2.3% | 15.5x)

Higher Rev Chg LTM (Value for AEO: -1.2%)

Higher Rev Chg 3Y Avg (Value for AEO: 2.3%)

Higher Op Mgn LTM (Value for AEO: 5.4%)

Higher CFO/Rev LTM (Value for AEO: 7.9%)

Higher FCF/Rev LTM (Value for AEO: 2.9%)

Higher Total Yield (Value for AEO: 5.6%)

SECTOR: Consumer Discretionary

Higher Rev Chg 3Y Avg | Lower P/S (Values for AEO: 2.3% | 0.8x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for AEO: 2.3% | 15.5x)

Higher Rev Chg LTM (Value for AEO: -1.2%)

Higher Rev Chg 3Y Avg (Value for AEO: 2.3%)

Higher Op Mgn LTM (Value for AEO: 5.4%)

Higher CFO/Rev LTM (Value for AEO: 7.9%)

Higher FCF/Rev LTM (Value for AEO: 2.9%)

Higher Total Yield (Value for AEO: 5.6%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for AEO: 2.3% | 0.8x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for AEO: 2.3% | 15.5x)

Higher Rev Chg LTM (Value for AEO: -1.2%)

Higher Rev Chg 3Y Avg (Value for AEO: 2.3%)

Higher Op Mgn LTM (Value for AEO: 5.4%)

Higher CFO/Rev LTM (Value for AEO: 7.9%)

Higher FCF/Rev LTM (Value for AEO: 2.9%)

Higher Total Yield (Value for AEO: 5.6%)

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Market Price (12/24/2025): $26.55 | Market Cap: $4.5 Bil
Sector: Consumer Discretionary | Industry: Apparel Retail

Market Price (12/24/2025): $26.55
Market Cap: $4.5 Bil
Sector: Consumer Discretionary
Industry: Apparel Retail