🔹 Revenue: $1.283B (Est. $1.237B) 🟢; -1% YoY
🔹 EPS: $0.45 (Est. $0.20) 🟢; +15% YoY
Q3 Outlook:
🔹 Operating Income: $95M–$100M
🔹 Comparable Sales: Up low-single digit
Q4'25 Outlook:
🔹 Operating Income: $125M–$130M
🔹 Comparable Sales: Up low-single digit
FY25 Outlook:
🔹 Operating Income: $255M–$265M (Adj.)
🔹 Comparable Sales: Approximately flat
🔹 Gross Margin: Down YoY
🔹 CapEx: ~$275M
Other Q2 Metrics:
🔹 Operating Income: $103M; +2% YoY
🔹 Operating Margin: 8.0% (+20bps YoY)
🔹 Gross Profit: $500M; Gross Margin 38.9% (+30bps YoY)
🔹 Aerie Comparable Sales: +3% YoY
🔹 AE Comparable Sales: -3% YoY
🔹 Inventory: $718M; UP +8% YoY
Capital Returns
🔹 Share Repurchases: $231M YTD; reduced shares by ~10% (20M shares)
🔹 Dividend: $0.125/share; $21M in Q2, $43M YTD
CEO Commentary
🔸 CEO Jay Schottenstein: “Improvement in the business was driven by higher demand, lower promotions and well-managed expenses. Aerie posted top-line growth and we achieved our second highest Q2 revenues ever.”
🔸 “The fall season is off to a positive start, supported by stronger products and successful marketing campaigns with Sydney Sweeney and Travis Kelce.”