American Eagle Outfitters Declares a Regular Quarterly Dividend of $0.125 Per Share, Announces Additional 25 Million Shares Authorized for Repurchase

PITTSBURGH–(BUSINESS WIRE)–American Eagle Outfitters, Inc. (NYSE: AEO) announced a quarterly cash
dividend of $0.125 per share, marking the company’s 47th
consecutive quarterly dividend. The $0.125 dividend was declared on
March 9, 2016 and is payable on April 22, 2016 to stockholders of record
at the close of business on April 8, 2016.

The company also announced that its Board of Directors authorized an
additional 25 million shares for repurchase through January 30, 2021.
Combined with the company’s existing authorization of 2.8 million
shares, which expires on January 28, 2017, the company has 27.8 million
shares available for repurchase. In 2015, the company returned cash to
shareholders through quarterly dividends totaling $97 million and
repurchased 15.6 million shares for $227 million.

About American Eagle Outfitters, Inc.

American Eagle Outfitters, Inc. (NYSE: AEO) is a leading global
specialty retailer offering high-quality, on-trend clothing, accessories
and personal care products at affordable prices under its American Eagle
Outfitters® and Aerie® brands. The company operates more than 1,000
stores in the United States, Canada, Mexico, China, Hong Kong and the
United Kingdom, and ships to 81 countries worldwide through its
websites. American Eagle Outfitters and Aerie merchandise also is
available at 141 international stores operated by licensees in 22
countries. For more information, please visit www.ae.com.

Contacts

American Eagle Outfitters Inc.
Kristen Zaccagnini, 412-432-3300