American Eagle Outfitters, Inc. (NYSE:AEO) Q3 2022 Results Conference Call November 22, 2022 11:00 AM ET
Company Participants
Judy Meehan - SVP, Corporate Communications and IR
Jay Schottenstein - Executive Chairman and CEO
Jen Foyle - President, Executive Creative Director, AE & Aerie
Michael Rempell - COO
Mike Mathias - CFO
Conference Call Participants
Matthew Boss - JP Morgan
Jay Sole - UBS
Paul Lejuez - Citi
Janet Kloppenburg - JJK Research Associates
Dana Telsey - Telsey Advisory Group
Adrienne Yih - Barclays
Kimberly Greenberger - Morgan Stanley
Dan Stroller - BMO
Jonna Kim - Cowen
Operator
Greetings, and welcome to the American Eagle Outfitters Third Quarter 2022 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Judy Meehan, Senior Vice President, Corporate Communications and IR. Thank you, Judy. You may begin.
Judy Meehan
Good morning, everyone. Joining me today for our prepared remarks are Jay Schottenstein, Executive Chairman and Chief Executive Officer; Jen Foyle, President, Executive Creative Director for AE and Aerie; Michael Rempell, Chief Operating Officer; and Mike Mathias, Chief Financial Officer.
Before we begin today's call, I need to remind you that we will make certain forward-looking statements. These statements are based upon information that represents the Company's current expectations or beliefs. Results actually realized may differ materially based on risk factors included in our SEC filings.
The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Also, please note that during this call and in the accompanying press release, certain financial metrics are presented on both the GAAP and non-GAAP adjusted basis.
Reconciliations of adjusted results to the GAAP results are available in the tables attached to the earnings release, which is posted on our corporate website at www.aeo-inc.com in the Investor Relations section. Here, you can also find the third quarter investor presentation.
And now, I'll turn the call over to Jay.
Jay Schottenstein
Good morning. Thank you for joining us today. I'm pleased that we delivered third quarter results well above our expectations despite current macro conditions and tough comparisons as we lap significant pent-up demand and stimulus.
While down to last year's record performance, revenue of $1.2 billion was our second highest third quarter in history and our operating profit of $118 million exceeded the third quarter of 2019.