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American Eagle Outfitters Inc. (NYSE:AEO) reported the results of its 2025 Annual Meeting of Stockholders, held by remote communication on June 25. The retailer, which has maintained dividend payments for 22 consecutive years and currently offers a 5.2% dividend yield, presented shareholders with three proposals. According to InvestingPro data, the company remains profitable with a P/E ratio of 9.87, despite facing challenging market conditions with a 41% decline in share price over the past six months.
First, shareholders elected Deborah A. Henretta and Cary D. McMillan as Class III directors to serve until the company’s 2028 annual meeting. Henretta received 133,254,208 votes in favor and 16,018,391 votes against, with 109,568 abstentions and 10,896,992 broker non-votes. McMillan received 123,784,882 votes in favor and 25,525,822 votes against, with 71,463 abstentions and 10,896,992 broker non-votes.
Second, the appointment of Ernst & Young LLP as the company’s independent registered public accounting firm for the fiscal year ending January 31, 2026, was ratified. The vote count was 156,682,017 in favor, 3,476,545 against, and 120,597 abstentions.
Third, shareholders approved, on an advisory basis, the compensation of the company’s named executive officers for fiscal 2024. This proposal received 143,329,390 votes in favor, 5,855,515 against, 197,254 abstentions, and 10,897,000 broker non-votes.
The company confirmed that a quorum was present, with 160,279,159 shares represented out of 173,264,684 shares outstanding and entitled to vote as of the record date, May 1, 2025.
Directors Jay L. Schottenstein and Sujatha Chandrasekaran will continue to serve as Class I directors, while Janice E. Page, David M. Sable, and Noel J. Spiegel will continue as Class II directors.
This information is based on a press release statement included in American Eagle Outfitters’ filing with the SEC.
In other recent news, American Eagle Outfitters has reported a challenging first quarter, with earnings per share (EPS) at a loss of $0.29, missing analyst expectations by $0.18. The company’s revenue reached $1.1 billion, slightly surpassing the anticipated $1.08 billion. Despite the revenue beat, American Eagle faced a significant decline in gross margin, dropping by 1100 basis points year-over-year to 29.6%, largely due to inventory write-downs and increased markdowns. CFRA analysts downgraded the stock from Buy to Hold, citing ongoing challenges in the apparel market and adjusting the price target to $10. UBS, however, maintained a Buy rating with a $19 target, highlighting potential long-term growth and the company’s strategic adjustments. Citi analysts also expressed caution, lowering the price target to $11 and maintaining a Neutral stance, reflecting concerns over inventory challenges and competitive pressures. American Eagle is navigating these difficulties with a focus on back-to-school preparations and a $200 million accelerated share buyback program. The company has paused full-year guidance due to market uncertainties, including tariffs and consumer demand fluctuations.
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