ITEM 7.01 Regulation FD Disclosure
On
Fourth Quarter 2020 Update
As part of the virtual investor day presentation, the Company is providing an update on anticipated results for the fourth quarter of 2020.
A copy of this press release relating to this update is attached hereto as Exhibit 99.2.
Segment Disaggregation for Aerie and American
Within the virtual investor day presentation, the Company is providing enhanced information on the separate results of American Eagle brand and Aerie brand. This information is being provided for additional transparency into the growth of the Aerie brand as well as our plan to enhance the profitability of the American Eagle brand.
As a result of providing this increased level of information, the Company has elected to disaggregate its American Eagle brand and Aerie brand operating segments, which have historically been aggregated and presented as one reportable segment, as permitted by Accounting Standards Codification Topic 280, Segment Reporting ("ASC 280"). While this financial data reflects a change in the Company's reportable segments, the change does not affect the Company's consolidated financial condition or results of operations for any period. The Company continues to meet all of the aggregation criteria as set forth within ASC 280, but is electing to disaggregate and disclose our operating segments separately as reportable segments.
Exhibit 99.3, attached hereto, provides disaggregated segment information for Fiscal 2018 and 2019, as well as the quarterly periods of Fiscal 2019 and year-to-date quarterly periods of Fiscal 2020.
Additionally, within the virtual investor day presentation, the Company is
providing non-GAAP financial measures not calculated in accordance with
Exhibit 99.4, attached hereto, includes reconciliations of these adjusted
results to the most comparable GAAP result for each item presented. For
additional information regarding adjustments, please refer to the Company's
periodic filings on Form 10-K and Form 10-Q filed with the
ITEM 9.01 Financial Statements and Exhibits
(d) Exhibits Exhibit No. Description 99.1 Press release datedJanuary 21, 2021 announcing the Company's value creation plan and long term financial outlook 99.2 Press release datedJanuary 21, 2021 announcing the Company's fourth quarter 2020 update 99.3 Segment information for Fiscal 2018 and Fiscal 2019, the quarterly periods of Fiscal 2019 and year-to-date quarterly periods of Fiscal 2020 99.4 GAAP to Non-GAAP reconciliations 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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