American Eagle Outfitters, Inc.

Good afternoon, everyone. Welcome to the AEO Incorporated Second Quarter 2026 Earnings Conference Call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star, then two. Please note, this event is being recorded. I would now like to turn the conference over to Alexis Tragos, Vice President of Corporate Communications. Please go ahead.

Good afternoon, everyone. Joining me today for our prepared remarks are Jay Schottenstein, Executive Chairman and Chief Executive Officer, Jen Foyle, President, Executive Creative Director for American Eagle & Airy, Ravi Thanawala, Chief Financial Officer, and Mike Mathias, Strategic Advisor. Before we begin today's call, I need to remind you that we will make certain forward-looking statements. These statements are based upon information that represents the company's current expectations or beliefs. The results actually realized may differ materially based on risk factors included in our SEC filing. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. You can find our second quarter investor presentation on our corporate website at www.aeo-inc.com in the investor relations section. Now, I'll turn the call over to Jay.

Thanks, Alexis. and good afternoon everyone. The second quarter represented another important step forward for AEO. We built on the strength of our portfolio making progress at American Eagle while Erie continued to deliver outstanding performance. The second quarter came in at the high end of our expectations with revenue of $1.4 billion and comparable sale growth of 6%. operated an income of $211 million, included a net tariff refund benefit of approximately $161 million. We remained focused on driving stronger profitability across the business, and these results underscored the strength and relevance of our brands and the progress against our priorities. At Aerie, which includes offline, momentum continued. Aerie delivered revenue of 25% total growth and comparable sales grew 19%, reflecting the broad-based demand across categories and channels. We remain confident in the long-term opportunity for Aerie and our ability to reach new customers. Turning to American Eagle, total revenue grew 1% with comps declining 1% in improvement from the first quarter. AEMins posted its fourth consecutive quarter positive comps, seemingly continued traction and relevance. We are moving in the right direction, yet there remains work to do. Our progress is fueled by our people. I'd like to extend my gratitude to our associates for their relentless dedication and commitment to our brands and customers. Before I turn it over to Ravi, I want to take a moment to thank Mike for his many years of service to AEO. Mike has been and will continue to be a trusted partner to me, and I'm grateful for his leadership his commitment and the many contributions he has made to our business over the years. I'm also very pleased to welcome Ravi to the team. He brings comprehensive financial and operating expertise, a fresh perspective, and a deep understanding of what drives long-term shareholder value. As we look at the opportunities ahead, I'm excited about the breadth of our experience and judgment he brings to the team as we work together to make AER stronger, More productive business over time. Now I'll turn the call over to Ravi.