American Eagle Outfitters Announces 3-Year Strategy To $5.7B - $6B Revenue Path And 10% Operating Margin

Author: Benzinga Newsdesk | March 07, 2024 09:11am

Building upon momentum and strong results achieved in 2023, American Eagle Outfitters, Inc. (NYSE:AEO) today unveiled its new Powering Profitable Growth plan, structured to deliver mid-to-high teens annual operating income expansion on 3-5% annual revenue growth over the next three years, and an approximate 10% operating margin.

Fueled by a shift in strategy, culture and focus to generate stronger profitability on continued growth, the multi-year plan is centered around three key pillars:

• Amplify our brands: Grow American Eagle, powering market leadership in denim and expansion into right-to-win adjacencies; Fuel Aerie's expansion and Accelerate activewear opportunity with OFFLINE.
• Execute with financial discipline: Organization structured to deliver consistent profit growth and shareholder returns.
• Optimize operations: Leverage best-in-class operating capabilities to fuel our growth and profit roadmap.

Posted In: AEO