AMERICAN EAGLE OUTFITTERS INC
For the period ended May 3, 2025. Filed Jun 5, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
May 3, 2025 · Filed Jun 5, 2025
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Non-GAAP Information
The results of operations section above includes operating income and net income per diluted share presented on an adjusted or non-GAAP basis, which are non-GAAP financial measures. These financial measures are not based on any standardized methodology prescribed by GAAP and is not necessarily comparable to similar measures presented by other companies. Non-GAAP information is provided as a supplement to, not as a substitute for, or as superior to, measures of financial performance prepared in accordance with GAAP. We believe that this non-GAAP information is useful as an additional means for investors to evaluate our operating performance when reviewed in conjunction with our GAAP Consolidated Financial Statements and provides a higher degree of transparency. These amounts are not determined in accordance with GAAP and, therefore, should not be used exclusively in evaluating our business and operations. The table below reconciles the GAAP financial measure to the non-GAAP financial measures discussed above.
| GAAP to Non-GAAP Reconciliation | |||||||
|---|---|---|---|---|---|---|---|
| (Dollars in thousands, except per share amounts) | |||||||
| 13 Weeks Ended | |||||||
| Operating Loss · Benefit for Income Taxes · Net Loss · Earnings per Diluted Share | |||||||
| GAAP Basis | $(85,181) | $(19,712) | $(64,899) | $(0.36) | |||
| % of Revenue | (7.8)% | (6.0)% | |||||
| Add: Impairment and restructuring charges (1) | 17,119 | 13,131 | 0.07 | ||||
| Tax effect of the above (2) | $3,988 | ||||||
| Non-GAAP Basis | $(68,062) | $(15,724) | $(51,768) | $(0.29) | |||
| % of Revenue | (6.2)% | (4.8)% | |||||
(1) Refer to Note 13, Impairment and Restructuring Charges, to the Consolidated Financial Statements included herein for additional information.
(2) The tax effect of excluded items is the difference between the tax benefit calculated on a GAAP basis and on a non-GAAP basis.
International Operations
We have agreements with multiple third-party operators to expand our brands internationally. Our international licensing partners acquire the right to sell, promote, market, and/or distribute various categories of our products in a given geographic area and to source products from us. International licensees' rights include the right to own and operate retail stores and may include rights to sell in wholesale markets, shop-in-shop concessions and operate online marketplace businesses. As of May 3, 2025, our international licensing partners operated in 363 licensed retail stores and concessions, as well as wholesale markets, online brand sites, and online marketplaces in approximately 30 countries.
As of May 3, 2025, we had 100 and 90 Company-owned stores in Canada and Mexico, respectively.
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