AMERICAN EAGLE OUTFITTERS INC Segments Disclosure
14. Segment Reporting
In accordance with ASC 280, Segment Reporting ("ASC 280"), the Company has identified two operating segments (American Eagle brand and Aerie brand) that also represent our reportable segments and reflect the CODM’s (defined as our CEO) internal view of analyzing results and allocating resources. Additionally, our Todd Snyder brand, Unsubscribed brand, and Quiet Platforms have been identified as separate operating segments; however, as they do not meet the quantitative thresholds for separate disclosure, they are presented under the "Other" caption, as permitted by ASC 280.
Unallocated corporate expenses are comprised of general and administrative costs that management does not attribute to any of our operating segments. These costs primarily relate to corporate administration, information and technology resources, finance and human resources functional and organizational costs, depreciation and amortization of corporate assets, and other general and administrative expenses resulting from corporate-level activities and projects.
Our CEO analyzes segment results and allocates resources between segments based on the adjusted operating income (loss), or the operating income (loss) in periods where there are no adjustments, of each segment. Adjusted operating income (loss) is a non-GAAP financial measure ("non-GAAP" or "adjusted") that is defined by the Company as operating income excluding impairment, restructuring and other charges. Adjusted operating income (loss) is 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.
Reportable segment information is presented in the following table:
For the year ended January 31, 2026 (In thousands) |
|
American Eagle |
|
|
Aerie |
|
|
Other |
|
|
Intersegment Elimination |
|
|
Total |
|
|||||
Net Revenue |
|
$ |
3,411,237 |
|
|
$ |
1,940,924 |
|
|
$ |
226,027 |
|
|
$ |
(30,952 |
) |
|
$ |
5,547,236 |
|
Cost of sales, including certain buying, occupancy and warehousing costs |
|
|
2,116,039 |
|
|
|
1,156,194 |
|
|
|
|
|
|
|
|
|
|
|||
Selling, general and administrative expenses |
|
|
756,038 |
|
|
|
379,282 |
|
|
|
|
|
|
|
|
|
|
|||
Depreciation and amortization |
|
|
84,047 |
|
|
|
59,574 |
|
|
|
|
|
|
|
|
|
|
|||
Total segment operating income |
|
$ |
455,113 |
|
|
$ |
345,874 |
|
|
$ |
(44,379 |
) |
|
$ |
- |
|
|
$ |
756,608 |
|
Unallocated corporate expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(428,783 |
) |
||||
Impairment, restructuring and other charges (1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(101,603 |
) |
||||
Total operating income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
226,222 |
|
||||
Interest expense, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,112 |
|
||||
Other (income), net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(27,278 |
) |
||||
Income before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
249,388 |
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
For the year ended February 1, 2025 (In thousands) |
|
American Eagle |
|
|
Aerie |
|
|
Other |
|
|
Intersegment Elimination |
|
|
Total |
|
|||||
Net Revenue |
|
$ |
3,385,231 |
|
|
$ |
1,738,414 |
|
|
$ |
243,907 |
|
|
$ |
(38,900 |
) |
|
$ |
5,328,652 |
|
Cost of sales, including certain buying, occupancy and warehousing costs |
|
|
1,976,914 |
|
|
|
1,018,418 |
|
|
|
|
|
|
|
|
|
|
|||
Selling, general and administrative expenses |
|
|
727,590 |
|
|
|
345,054 |
|
|
|
|
|
|
|
|
|
|
|||
Depreciation and amortization |
|
|
74,220 |
|
|
|
59,097 |
|
|
|
|
|
|
|
|
|
|
|||
Total segment operating income |
|
$ |
606,507 |
|
|
$ |
315,845 |
|
|
$ |
(53,722 |
) |
|
$ |
- |
|
|
$ |
868,630 |
|
Unallocated corporate expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(423,766 |
) |
||||
Impairment, restructuring and other charges (1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(17,561 |
) |
||||
Total operating income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
427,303 |
|
||||
Interest (income), net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(7,769 |
) |
||||
Other (income), net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(4,685 |
) |
||||
Income before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
439,757 |
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
For the year ended February 3, 2024 (In thousands) |
|
American Eagle |
|
|
Aerie |
|
|
Other |
|
|
Intersegment Elimination |
|
|
Total |
|
|||||
Net Revenue |
|
$ |
3,361,579 |
|
|
$ |
1,670,000 |
|
|
$ |
489,056 |
|
|
$ |
(258,865 |
) |
|
$ |
5,261,770 |
|
Cost of sales, including certain buying, occupancy and warehousing costs |
|
|
1,955,069 |
|
|
|
1,009,650 |
|
|
|
|
|
|
|
|
|
|
|||
Selling, general and administrative expenses |
|
|
729,519 |
|
|
|
323,239 |
|
|
|
|
|
|
|
|
|
|
|||
Depreciation and amortization |
|
|
77,195 |
|
|
|
61,249 |
|
|
|
|
|
|
|
|
|
|
|||
Total segment operating income |
|
$ |
599,796 |
|
|
$ |
275,862 |
|
|
$ |
(36,124 |
) |
|
$ |
- |
|
|
$ |
839,534 |
|
Unallocated corporate expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(464,172 |
) |
||||
Impairment, restructuring and other charges (1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(152,645 |
) |
||||
Total operating income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
222,717 |
|
||||
Interest (income), net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(6,190 |
) |
||||
Other (income), net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(10,009 |
) |
||||
Income before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
238,916 |
|
||||
(1) Refer to Note 15, Impairment, Restructuring and Other Charges, to the Consolidated Financial Statements for additional information.
|
Fiscal Years Ending |
|
|||||||||
|
January 31, 2026 |
|
|
February 1, 2025 |
|
|
February 3, 2024 |
|
|||
|
|
|
|
|
|
|
|
|
|||
Capital Expenditures |
|
|
|
|
|
|
|
|
|||
American Eagle |
$ |
96,816 |
|
|
$ |
86,953 |
|
|
$ |
61,139 |
|
Aerie |
|
85,670 |
|
|
|
68,541 |
|
|
|
40,746 |
|
Other |
|
13,766 |
|
|
|
11,965 |
|
|
|
32,235 |
|
General corporate expenditures |
|
64,543 |
|
|
|
55,079 |
|
|
|
40,317 |
|
Total Capital Expenditures |
$ |
260,795 |
|
|
$ |
222,538 |
|
|
$ |
174,437 |
|
We do not allocate assets to the reportable segment level and therefore our CODM does not use segment asset information to make decisions.
Total net revenue for the American Eagle and Aerie reportable segments above represents revenue attributable to each brand's merchandise, which comprises approximately 96% of total net revenue.
The following tables present summarized geographical information:
|
|
Fiscal Years Ending |
|
|||||||||
|
|
January 31, |
|
|
February 1, |
|
|
February 3, |
|
|||
(In thousands) |
|
2026 |
|
|
2025 |
|
|
2024 |
|
|||
Total net revenue: |
|
|
|
|
|
|
|
|
|
|||
United States |
|
$ |
4,627,201 |
|
|
$ |
4,492,630 |
|
|
$ |
4,424,345 |
|
Foreign (1) |
|
|
920,035 |
|
|
|
836,022 |
|
|
|
837,425 |
|
Total net revenue |
|
$ |
5,547,236 |
|
|
$ |
5,328,652 |
|
|
$ |
5,261,770 |
|
|
|
Fiscal Years Ending |
|
|||||
|
|
January 31, |
|
|
February 1, |
|
||
(In thousands) |
|
2026 |
|
|
2025 |
|
||
Long-lived assets, net: |
|
|
|
|
|
|
||
United States |
|
$ |
2,052,498 |
|
|
$ |
1,887,502 |
|
Foreign |
|
|
183,716 |
|
|
|
159,162 |
|
Total long-lived assets, net |
|
$ |
2,236,214 |
|
|
$ |
2,046,664 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Mar 30, 2026 | Showing above |
| 2025 | Mar 20, 2025 | |
| 2024 | Mar 15, 2024 | |
| 2023 | Mar 13, 2023 | |
| 2022 | Mar 14, 2022 | |
| 2021 | Mar 11, 2021 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.