NYSE$AEO

American Eagle Outfitters Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

American Eagle reported Q2 2025 results with slight revenue decline but stronger earnings driven by margin improvements and cost control.

American Eagle Outfitters delivered solid results for Q2 FY2025, achieving its second highest Q2 revenue ever despite a slight year-over-year decline. Improved merchandise margins, lower markdowns, and effective expense management contributed to a rise in EPS and operating income.

Headline financials

Total Revenue

$1.28B

Previous: $1.29B-0.6%
EPS

$0.45

Previous: $0.39+15.4%
Total Comparable Sales

-1.0%

No prior period
Aerie Comparable Sales

3.0%

No prior period
AE Comparable Sales

-3.0%

No prior period
Capital Expenditures

-$133M

Previous: -$96.9M-36.7%
Free Cash Flow

-$54.9M

Previous: -$19.7M-179.1%
Net Income

$77.6M

Previous: $77.3M+0.5%
Operating Income

$103M

Previous: $101M+2.0%
Gross Profit

$500M

Previous: $499M+0.2%
Cash & Equivalents

$127M

Previous: $192M-33.9%
Total Assets

$4.06B

Previous: $3.54B+14.7%

Revenue & EPS history

American Eagle · Revenue · Quarterly

$1.28B

Q2 2025-0.6%vs Q2 2024
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

AEO expects Q3 and Q4 2025 comparable sales to grow in the low single digits, but gross margin to decline year-over-year. Full-year operating income is guided at $255–$265 million (adjusted).

Tailwinds

  • Q3 comparable sales expected to grow low single digits.
  • Q4 comparable sales expected to grow low single digits.
  • Operating income guidance for FY25 at $255M–$265M.
  • Full-year SG&A dollars expected to increase YoY to support growth.
  • Marketing campaigns are driving stronger customer engagement.

Headwinds

  • Gross margin expected to decline YoY across Q3, Q4, and full year.
  • SG&A expected to be up high single digits in Q3.
  • Tariff impacts contributing to higher inventory costs.
  • Expected continued pressure on merchandise margins.
  • Operating income excludes $17M in impairment/restructuring charges.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

-0.0%

Avg return

Earnings day

-1.3%

Avg return

5 days after

-2.2%

Avg return

30 days after

41%

26 / 64 earnings

Positive

+37.9%

Q2 2025

Best reaction

-17.1%

Q3 2014

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026
Q4 2025+5.9%-16.4%-25.0%
Q3 2025+15.2%+7.6%+26.5%
Q2 2025+37.9%+32.2%+24.4%
Q1 2025-2.1%-8.2%-11.6%
Q4 2024-4.1%+5.8%-7.1%
Q3 2024-11.6%-11.2%-13.8%
Q2 2024-5.2%-9.7%+1.2%
Q1 2024-7.0%-7.1%-16.5%
Q4 2023-4.9%-4.6%+4.5%
Q3 2023-15.0%-15.7%+6.3%
Q2 2023-2.3%-7.6%-5.5%
Q1 2023-8.0%-6.9%-0.7%
Q4 2022-0.5%-5.5%-6.5%
Q3 2022+21.5%+21.5%+11.0%
Q2 2022-6.2%-1.4%-6.9%
Q1 2022-3.5%-10.7%-4.7%
Q4 2021-5.6%-19.4%-21.7%
Q3 2021+2.7%-2.4%-15.3%
Q2 2021-10.5%-11.9%-13.0%
Q1 2021+8.1%+6.5%+13.0%
Q4 2020+10.3%+17.8%+15.8%
Q3 2020+1.7%+1.8%+9.1%
Q2 2020-0.2%+12.3%+16.0%
Q1 2020+19.8%+26.9%+7.1%
Q4 2019-5.7%-13.2%-46.3%
Q3 2019-1.9%-3.2%-6.4%
Q2 2019+0.1%+4.0%-8.5%
Q1 2019-5.1%-9.5%-7.5%
Q4 2018+4.0%+3.1%+11.7%
Q3 2018+0.4%-6.9%-1.8%
Q2 2018-10.0%-4.8%-9.0%
Q1 2018-0.2%+6.1%+2.8%
Q4 2017-5.0%-5.3%+2.3%
Q3 2017+3.9%+9.4%+12.1%
Q2 2017+8.8%+11.6%+23.6%
Q1 2017-16.0%-14.0%-10.6%
Q4 2016-5.0%-8.3%-11.5%
Q3 2016-11.5%-10.5%-19.8%
Q2 2016-1.3%-2.3%-1.7%
Q1 2016+14.3%
Q4 2015-2.5%
Q3 2015-2.9%
Q2 2015-10.1%
Q1 2015+4.6%
Q4 2014+10.3%
Q3 2014-17.1%
Q2 2014+14.9%
Q1 2014-4.9%
Q4 2013-1.5%
Q3 2013-9.5%
Q2 2013-7.1%
Q1 2013-1.0%
Q4 2012-9.5%
Q3 2012+8.8%
Q2 2012+5.1%
Q4 2009-1.5%
Q1 2011+0.3%
Q1 2012-0.6%
Q4 2011-1.6%
Q3 2010+1.1%
Q3 2011+1.1%
Q4 2010+5.5%
Q2 2010+5.5%
Q2 2011+5.5%

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