Sep 9, 4:30 PM ET
American Eagle Outfitters reported second-quarter fiscal 2026 results for the period ended August 1, 2026, with net revenue up 8% to $1.38 billion and diluted earnings per share of $0.79 versus $0.45 a year earlier. The quarter included a net $161 million operating benefit from tariff refunds, and the company set fiscal 2026 operating income guidance of $540 million to $550 million that includes that benefit. Aerie comparable sales rose 19% while American Eagle comparable sales fell 1%.
- Net revenue of $1.38 billion rose 8%; comparable sales rose 6%, with Aerie up 19% and American Eagle down 1%.
- Operating profit was $211 million versus $103 million last year, including a net $161 million tariff refund benefit.
- Diluted EPS was $0.79 versus $0.45 last year.
- Fiscal 2026 operating income guidance is $540 million to $550 million, inclusive of the net tariff refund benefit; third-quarter operating income is guided to $110 million to $115 million.
Read the filing on SEC.gov ↗
Jul 1, 4:30 PM ET
American Eagle Outfitters said Michael Mathias will step down as Executive Vice President and Chief Financial Officer and become a non-officer Strategic Advisor to CEO Jay Schottenstein, effective August 3, 2026. Ravi Thanawala, formerly CFO and President, North America at Papa John's International, will succeed him as CFO on the same date. The company also reaffirmed its second quarter and full-year fiscal 2026 guidance, originally given May 28, 2026.
- Ravi Thanawala becomes Executive Vice President and Chief Financial Officer effective August 3, 2026, succeeding Michael Mathias
- Mathias serves as Strategic Advisor to the CEO through July 30, 2027, and will not be eligible for any fiscal 2027 annual bonus or new equity awards
- Thanawala's offer letter provides a $1,000,000 base salary, a target bonus of 100% of eligible earnings, and a $1,000,000 sign-on cash bonus
- The company reaffirmed second quarter and full-year fiscal 2026 guidance, first provided on May 28, 2026
Read the filing on SEC.gov ↗
Jun 29, 5:00 PM ET
At its June 26, 2026 annual meeting, American Eagle Outfitters stockholders approved an amended and restated 2023 Stock Award and Incentive Plan. The amendment adds 9,680,000 shares, extends the plan's term from 2033 to 2036, and raises the non-employee director award limit from $750,000 to $1,000,000. The added share pool gives the company more room for equity awards, which affects how much stock is available to be granted.
- The 2023 Plan adds 9,680,000 shares and its term is extended from 2033 to 2036.
- The non-employee director award limit rises from $750,000 to $1,000,000.
- Jay L. Schottenstein was elected Class I director with 121,484,517 votes for and 18,267,830 against.
- The plan amendment passed with 134,900,287 votes for and 4,853,755 against; EY was ratified with 143,082,504 votes for.
Read the filing on SEC.gov ↗
Jun 10, 5:00 PM ET
American Eagle Outfitters amended its $700 million senior secured asset-based revolving credit facility on June 4, 2026. The amendment extends the maturity from June 24, 2027 to June 4, 2031 and changes how interest is calculated, with a higher applicable margin.
- Maturity extended from June 24, 2027 to June 4, 2031
- Borrowings priced at SOFR plus 1.250% to 1.500%, or alternate base rate plus 0.250% to 0.500%, based on average borrowing availability
- SOFR Adjustment and Term CORRA Adjustment removed; applicable margin increased
- PNC Bank, National Association is administrative agent
Read the filing on SEC.gov ↗
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