AEO returns to profitability with 10% revenue growth; tariff refund claims pending

Filed June 3, 2026 · Period ending May 2, 2026 · Compared to 10-Q Jun 5, 2025 · ~2 min read

Key Changes

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  Q1 operating income swung from $85M loss to $28M profit; EPS improved from ($0.36) to $0.14 driven by Aerie's 34% revenue growth and 860 basis-point gross margin expansion versus prior-year inventory write-down.

  MD&A: Operating Results verify on EDGAR →
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  Company filed refund claims for tariffs struck down by Supreme Court in February 2026; no assurance all claims will be realized. New 10% global tariff imposed under different authority, later invalidated by CIT with ongoing litigation.

  MD&A: Tariff Uncertainty verify on EDGAR →
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  Total revenue grew 10% to $1.2B with 8% comp growth, reversing prior-year 5% decline. Aerie drove turnaround with 25% comp growth while American Eagle comps declined 2%.

  MD&A: Revenue Performance verify on EDGAR →