AEO Inc. Announces 30 Million Shares Authorized for Share Repurchase Program

PITTSBURGH--(BUSINESS WIRE)--American Eagle Outfitters, Inc. (NYSE: AEO) today announced that its Board of Directors has authorized 30 million shares of AEO’s common stock for repurchase through February 3, 2029. This will replace the existing authorization, which is due to expire on February 3, 2024. AEO repurchased approximately one million shares in fiscal year 2023. “Reflecting improved financial performance and a healthy balance sheet, I am pleased to announce a new share repurchase progra