AMERICAN EAGLE OUTFITTERS INC
For the period ended Aug 1, 2026. Filed Sep 10, 2026.
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Aug 1, 2026 · Filed Sep 10, 2026
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Impairment and Restructuring Charges
- Impairment and Restructuring Charges
There wereno impairment and restructuring charges recorded during the 13 and 26 weeks ended August 1, 2026, or for the 13 weeks ended August 2, 2025. The following table represents impairment and restructuring charges recorded within impairment and restructuring on the Consolidated Statements of Operations during the 26 weeks ended August 2, 2025.
| 26 Weeks Ended | |
|---|---|
| August 2, | |
| (In thousands) | 2025 |
| Long-lived asset impairment charges (1) | $15,274 |
| Employee severance (2) | 1,845 |
| Total impairment and restructuring charges | $17,119 |
The following footnotes relate to impairment and restructuring charges recorded in the 26 weeks ended August 2, 2025:
(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.
A roll-forward of the restructuring liabilities recognized in the Consolidated Balance Sheet is as follows:
| 26 Weeks Ended | |
|---|---|
| August 1, | |
| (In thousands) | 2026 |
| Accrued liability as of January 31, 2026 | $13,108 |
| Less: Cash payments and adjustments | (7,254) |
| Accrued liability as of August 1, 2026 | $5,854 |
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