AMERICAN EAGLE OUTFITTERS INC
For the period ended Nov 1, 2025. Filed Dec 9, 2025.
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Nov 1, 2025 · Filed Dec 9, 2025
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Impairment and Restructuring Charges
- Impairment and Restructuring Charges
The following table represents impairment and restructuring charges recorded within impairment and restructuring on the Consolidated Statements of Operations during the 39 weeks ended November 1, 2025. There wereno impairment and restructuring charges recorded for the 13 weeks ended November 1, 2025.
| 39 Weeks Ended | |
|---|---|
| November 1, | |
| (In thousands) | 2025 |
| Long-lived asset impairment charges (1) | $15,274 |
| Employee severance (2) | 1,845 |
| Total impairment and restructuring charges | $17,119 |
(1)
The Company recorded $15.3 million of asset impairment charges primarily related to closing two fulfillment centers as part of its supply chain network optimization project. Of this amount, $10.4 million of charges relate to ROU assets and $4.9 million relates to property and equipment.
(2)
The Company recorded $1.8 million of employee severance, primarily related to closing two fulfillment centers.
The following table represents impairment and restructuring charges recorded in the 13 and 39 weeks ended November 2, 2024.
| 13 and 39 Weeks Ended | |
|---|---|
| November 2, | |
| (In thousands) | 2024 |
| Corporate restructuring costs (1) | 10,729 |
| Hong Kong retail operations impairment and restructuring costs (2) | 6,832 |
| Total impairment and restructuring charges | $17,561 |
(1)
The Company recorded restructuring costs of $10.7 million related to employee severance during the 13 weeks ended November 2, 2024.
(2)
The Company recorded impairment and restructuring costs of $6.8 million related to the pending sale of its Hong Kong retail operations to a third party buyer during the 13 weeks ended November 2, 2024. These costs primarily consist of impairment of $6.4 million and employee severance.
A rollforward of the restructuring liabilities recognized in the Consolidated Balance Sheets is as follows:
| 39 Weeks Ended | |
|---|---|
| November 1, | |
| (In thousands) | 2025 |
| Accrued liability as of February 1, 2025 | $7,650 |
| Add: Costs incurred, excluding non-cash charges | 1,845 |
| Less: Cash payments and adjustments | (8,674) |
| Accrued liability as of November 1, 2025 | $821 |
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