American Eagle Outfitters Reports $5.329 Billion Revenue and 94% Net Income Increase for Fiscal Year 2024

American Eagle Outfitters, Inc. reported a notable financial performance for the fiscal year ending February 1, 2025, with total net revenue reaching $5.329 billion, an increase of $67 million from the previous year’s $5.262 billion. The company experienced a 4% rise in comparable sales, with the American Eagle brand contributing a 3% increase and Aerie achieving a 5% increase. Gross profit also saw a 3% increase to $2.089 billion, resulting in a gross margin of 39.2%, up from 38.5% in the prior year. Operating income surged by 92% to $427.3 million, while net income rose 94% to $329.4 million, translating to diluted earnings per share of $1.68, compared to $0.86 in the previous fiscal year.

The company’s strategic initiatives included a focus on improving operational efficiency and enhancing its digital capabilities. American Eagle Outfitters launched a profit improvement program aimed at optimizing its cost structure, which contributed to margin expansion and a reduction in impairment and restructuring charges. The company also reported a significant decrease in such charges, from $152.6 million in Fiscal 2023 to $17.6 million in Fiscal 2024, reflecting a shift in strategy and improved profitability.

Operationally, American Eagle Outfitters maintained a workforce of approximately 44,000 associates, with around 35,000 being part-time or seasonal employees. The company operated 1,172 stores at the end of Fiscal 2024, a slight decrease from 1,182 the previous year, as it continued to adapt to changing consumer preferences and market conditions. The company’s digital sales represented 37% of total revenue, highlighting the importance of its omni-channel strategy, which integrates both online and in-store shopping experiences.

Looking ahead, American Eagle Outfitters plans to open approximately five to 15 new American Eagle stores and 25 to 40 Aerie and OFFLINE stores during Fiscal 2025. The company also anticipates remodeling around 90 to 100 stores in the U.S. and Canada. Despite the positive outlook, the company acknowledged potential risks related to macroeconomic conditions, including inflation and consumer spending patterns, which could impact future performance. The company remains committed to leveraging its brand strength and operational capabilities to navigate these challenges and drive profitable growth.