American Eagle Outfitters Inc. announced on March 16, 2025, that it has entered into a $200 million accelerated share repurchase (ASR) agreement with Bank of America, N.A. This program is designed to repurchase approximately 18.1 million shares of its common stock, based on the closing price on March 14, 2025.
The ASR represents approximately 9.5% of the company’s fully diluted outstanding stock and will be completed under its existing share repurchase authorization of 68.5 million shares. This move demonstrates management's commitment to returning value to shareholders.
Jay Schottenstein, AEO’s Executive Chairman of the Board and Chief Executive Officer, stated that the ASR reflects the company's strong capital position and confidence in its long-term strategic growth plan. He emphasized that this program, combined with quarterly cash dividends, underscores a balanced approach to capital allocation and delivering strong returns to shareholders.
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