To determine the year-over-year revenue change percent, let’s follow a step-by-step approach based on the provided financial data for American Eagle Outfitters (AEO).
1. Identify the Revenues for Each Year:
- Revenue for 2021: \[tex]$5.011 billion
- Revenue for 2020: \$[/tex]3.759 billion
2. Calculate the Change in Revenue:
To find the change in revenue (year-over-year revenue change), subtract the revenue of the earlier year (2020) from the revenue of the later year (2021).
[tex]\[
\text{Revenue Change} = \text{Revenue}_{2021} - \text{Revenue}_{2020}
\][/tex]
Substituting the known values:
[tex]\[
\text{Revenue Change} = 5.011 \text{ billion} - 3.759 \text{ billion}
\][/tex]
This gives us:
[tex]\[
\text{Revenue Change} = 1.252 \text{ billion}
\][/tex]
3. Calculate the Percent Change in Revenue:
To find the percent change in revenue, divide the revenue change by the revenue of the earlier year (2020) and multiply by 100 to get a percentage.
[tex]\[
\text{Year-over-Year Revenue Change Percent} = \left( \frac{\text{Revenue Change}}{\text{Revenue}_{2020}} \right) \times 100
\][/tex]
Substituting the values:
[tex]\[
\text{Year-over-Year Revenue Change Percent} = \left( \frac{1.252 \text{ billion}}{3.759 \text{ billion}} \right) \times 100
\][/tex]
Performing the division and multiplication:
[tex]\[
\text{Year-over-Year Revenue Change Percent} \approx 33.3\%
\][/tex]
4. Round to the Nearest Decimal:
The percentage value is already given to one decimal place.
So, the year-over-year revenue change percent is 33.3%.
