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Segment Reporting (Tables)

6 Months Ended

Aug. 03, 2024

Segment Reporting [Abstract]

Summary of Reportable Segment Information

Reportable segment information is presented in the following table:

	13 weeks ended								26 weeks ended
	August 3, 2024				July 29, 2023				August 3, 2024				July 29, 2023
	Dollars in thousands
Net Revenue:
American Eagle	$	827,638			$	767,018			$	1,552,382			$	1,438,110
Aerie		415,646				380,413				788,298				739,495
Total Segment Net Revenue	$	1,243,284			$	1,147,431			$	2,340,680			$	2,177,605
Other		57,457				108,318				112,441				217,675
Intersegment Elimination		(9,683	)			(54,870	)			(18,196	)			(113,475	)
Total Net Revenue	$	1,291,058			$	1,200,879			$	2,434,925			$	2,281,805
Operating Income:
American Eagle	$	144,889			$	128,664			$	283,473			$	234,203
Aerie		69,640				57,253				130,967				112,922
Total Segment Operating Income	$	214,529			$	185,917			$	414,440			$	347,125
Other		(10,155	)			(10,341	)			(25,003	)			(26,648	)
Intersegment Elimination		-				-				-				-
General corporate expenses		(103,265	)			(110,286	)			(210,493	)			(211,081	)
Impairment, restructuring and other charges(1)		-				-				-				(21,275	)
Total Operating Income	$	101,109			$	65,290			$	178,944			$	88,121
Interest (income) expense, net		(730	)			951				(4,168	)			1,642
Other (income) expense, net		(1,715	)			(2,150	)			(3,111	)			(5,461	)
Income before income taxes	$	103,554			$	66,489			$	186,223			$	91,940
Capital Expenditures
American Eagle	$	24,087			$	16,249			$	36,721			$	31,192
Aerie		15,874				10,889				27,616				22,077
Other		4,593				6,154				7,457				11,730
General corporate expenditures		16,182				12,810				25,151				26,960
Total Capital Expenditures	$	60,736			$	46,102			$	96,945			$	91,959

(1) Refer to Note 13 to the Consolidated Financial Statements for additional information.

Summary of Geographical Information

The following table presents summarized geographical information:

	13 Weeks Ended								26 Weeks Ended
	August 3, 2024				July 29, 2023				August 3, 2024				July 29, 2023
	Dollars in thousands
Total net revenue:
United States	$	1,088,870			$	1,005,197			$	2,048,604			$	1,919,588
Foreign (1)		202,188				195,682				386,321				362,217
Total net revenue	$	1,291,058			$	1,200,879			$	2,434,925			$	2,281,805

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

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

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-Paragraph 41
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

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X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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