AMERICAN EAGLE OUTFITTERS INC
For the period ended Jan 31, 2026. Filed Mar 30, 2026.
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FY2026 · Filed Mar 30, 2026
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Property and Equipment, Net
- Property and Equipment, Net
Property and equipment, net consists of the following:
| Fiscal Years Ending | ||
|---|---|---|
| January 31, | February 1, | |
| (In thousands) | 2026 | 2025 |
| Land | $17,910 | $17,910 |
| Buildings | 228,633 | 228,390 |
| Leasehold improvements | 954,697 | 890,155 |
| Fixtures and equipment | 1,405,678 | 1,432,344 |
| Construction in progress | 102,027 | 2,486 |
| Property and equipment, at cost | $2,708,945 | $2,571,285 |
| Less: Accumulated depreciation | (1,923,323) | (1,820,021) |
| Property and equipment, net | $785,622 | $751,264 |
Refer to Note 9, Leases to the Consolidated Financial Statements included herein for additional information regarding property and equipment acquired under finance leases.
Depreciation expense is as follows:
| Fiscal Years Ending | |||
|---|---|---|---|
| January 31, | February 1, | February 3, | |
| (In thousands) | 2026 | 2025 | 2024 |
| Depreciation expense | $215,710 | $216,093 | $230,833 |
Depreciation expense included depreciation for assets acquired under finance leases of $10.5 million, $7.0 million, and $1.9 million for Fiscal 2025, Fiscal 2024, and Fiscal 2023, respectively. Additionally, during Fiscal 2025, Fiscal 2024 and Fiscal 2023, the Company recorded$4.7 million, $5.1 million, and $3.6 million, respectively, related to asset write-offs within depreciation and amortization expense.
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