AMERICAN EAGLE OUTFITTERS INC
For the period ended Jan 31, 2026. Filed Mar 30, 2026.
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FY2026 · Filed Mar 30, 2026
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Non-GAAP Information
This Results of Operations section contains operating income, net income and net income per diluted share presented on an adjusted basis, which are non-GAAP financial measures ("non-GAAP" or "adjusted"). These financial measures are not based on any standardized methodology prescribed by GAAP and are 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 measure discussed above for Fiscal 2025:
| GAAP to Non-GAAP Reconciliation | ||||||||
|---|---|---|---|---|---|---|---|---|
| (Dollars in thousands, except per share amounts) | ||||||||
| Fiscal Year Ended | ||||||||
| Operating Income · Income Tax Expense · Effective Tax Rate · Net Income Attributable to AEO · Earnings per Diluted Share | ||||||||
| GAAP Basis | $226,222 | $63,866 | 25.6% | $191,983 | $1.09 | |||
| % of Revenue | 4.1% | 3.5% | ||||||
| Add: Impairment and restructuring charges (1) | $101,603 | $76,794 | $0.43 | |||||
| Tax effect of the above (2) | $24,809 | |||||||
| Net loss attributable to non-controlling interests | $(3,707) | $(0.02) | ||||||
| Non-GAAP Basis | $327,825 | $88,675 | 25.3% | $265,070 | $1.50 | |||
| % of Revenue | 5.9% | 4.8% | ||||||
(1) Refer to Note 15, Impairment, Restructuring, and Other Charges, to the Consolidated Financial Statements included herein for additional information.
(2) The tax effect of excluded items is the difference between the tax provision calculated on a GAAP basis and on a non-GAAP basis.
The table below reconciles the GAAP financial measure to the non-GAAP financial measure discussed above for Fiscal 2024:
| GAAP to Non-GAAP Reconciliation | |||||||
|---|---|---|---|---|---|---|---|
| (Dollars in thousands, except per share amounts) | |||||||
| Fiscal Year Ended | |||||||
| Operating Income · Income Tax Expense · Effective Tax Rate · Net Income Attributable to AEO · Earnings per Diluted Share | |||||||
| GAAP Basis | $427,303 | $112,854 | 25.7% | $329,380 | $1.68 | ||
| % of Revenue | 8.0% | 6.2% | |||||
| Add: Impairment, restructuring and other charges (1) | $17,561 | $12,983 | $0.06 | ||||
| Tax effect of the above (2) | $4,577 | ||||||
| Non-GAAP Basis | $444,864 | $117,431 | 25.7% | $342,363 | $1.74 | ||
| % of Revenue | 8.3% | 6.4% | |||||
(1) Refer to Note 15, Impairment, Restructuring, and Other Charges, to the Consolidated Financial Statements included herein for additional information.
(2) The tax effect of excluded items is the difference between the tax provision calculated on a GAAP basis and on a non-GAAP basis.
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