XML 43 R33.htm IDEA: XBRL DOCUMENT v3.23.2
Segment Reporting (Tables)
 6 Months Ended
Jul. 29, 2023
Segment Reporting [Abstract]  
Summary of Reportable Segment Information

Reportable segment information is presented in the following table:

 

For the 13 weeks ended

 

 

For the 26 weeks ended

 

 

July 29, 2023

 

 

July 30, 2022

 

 

July 29, 2023

 

 

July 30, 2022

 

Net Revenue:

 

 

 

 

 

 

 

 

 

 

 

    American Eagle

$

767,018

 

 

$

777,828

 

 

$

1,438,110

 

 

$

1,463,407

 

    Aerie

$

380,413

 

 

$

371,683

 

 

$

739,495

 

 

$

693,395

 

Total Segment Net Revenue

$

1,147,431

 

 

$

1,149,511

 

 

$

2,177,605

 

 

$

2,156,802

 

    Other

$

108,318

 

 

$

110,393

 

 

$

217,675

 

 

$

200,077

 

    Intersegment Elimination

$

(54,870

)

 

$

(61,780

)

 

$

(113,475

)

 

$

(103,718

)

Total Net Revenue

$

1,200,879

 

 

$

1,198,124

 

 

$

2,281,805

 

 

$

2,253,161

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted Operating Income:

 

 

 

 

 

 

 

 

 

 

 

    American Eagle

$

128,664

 

 

$

109,110

 

 

$

234,203

 

 

$

213,015

 

    Aerie

$

57,253

 

 

$

11,830

 

 

$

112,922

 

 

$

54,903

 

Total Segment Adjusted Operating Income

$

185,917

 

 

$

120,940

 

 

$

347,125

 

 

$

267,918

 

    Other

$

(10,341

)

 

$

(11,507

)

 

$

(26,648

)

 

$

(27,732

)

    Intersegment Elimination

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

    General corporate expenses

$

(110,286

)

 

$

(95,419

)

 

$

(211,081

)

 

$

(184,270

)

Total Adjusted Operating Income

$

65,290

 

 

$

14,014

 

 

$

109,396

 

 

$

55,916

 

Less: Impairment, restructuring and other charges

$

-

 

 

$

-

 

 

$

(21,275

)

 

$

-

 

Total Operating Income

$

65,290

 

 

$

14,014

 

 

$

88,121

 

 

$

55,916

 

 

 

 

 

 

 

 

 

 

 

 

 

    Debt related charges

$

-

 

 

$

60,066

 

 

$

-

 

 

$

60,066

 

    Interest expense, net

$

951

 

 

$

3,421

 

 

$

1,642

 

 

$

8,009

 

    Other income, net

$

(2,150

)

 

$

(1,839

)

 

$

(5,461

)

 

$

(6,283

)

Income before income taxes

$

66,489

 

 

$

(47,634

)

 

$

91,940

 

 

$

(5,876

)

 

 

 

 

 

 

 

 

 

 

 

 

Capital Expenditures

 

 

 

 

 

 

 

 

 

 

 

    American Eagle

$

16,249

 

 

$

18,754

 

 

$

31,192

 

 

$

34,524

 

    Aerie

$

10,889

 

 

$

30,244

 

 

$

22,077

 

 

$

61,259

 

    Other

$

6,154

 

 

$

4,107

 

 

$

11,730

 

 

$

5,132

 

   General corporate expenditures

$

12,810

 

 

$

16,359

 

 

$

26,960

 

 

$

26,943

 

Total Capital Expenditures

$

46,102

 

 

$

69,464

 

 

$

91,959

 

 

$

127,858

 

 
Summary of Geographical Information

The following table presents summarized geographical information:

 

 

 

13 Weeks Ended

 

 

26 Weeks Ended

 

(In thousands)

 

July 29,
2023

 

 

July 30,
2022

 

 

July 29,
2023

 

 

July 30,
2022

 

Total net revenue:

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

1,005,197

 

 

$

1,027,158

 

 

$

1,919,588

 

 

$

1,935,323

 

Foreign (1)

 

 

195,682

 

 

 

170,966

 

 

 

362,217

 

 

 

317,838

 

Total net revenue

 

$

1,200,879

 

 

$

1,198,124

 

 

$

2,281,805

 

 

$

2,253,161

 
(1)
Amounts represent sales from American Eagle and Aerie international retail stores, and e-commerce sales that are billed to and/or shipped to foreign countries and international franchise royalty revenue.