Data tracker
American Eagle inventory tracker
American Eagle is the one retailer in this set whose inventory is higher today than at the 2022 peak. It peaked at $798 million in October 2022, cleared to $585 million by January 2023, and has since rebuilt past $890 million as the business grew.
Compiled by The Retail Ledger from company filings · Updated September 27, 2026
Reading the series
A rising inventory line is not by itself a warning. American Eagle grew revenue over the same period, so the relevant question is inventory relative to sales rather than in absolute terms. This is the clearest case in the set of why an inventory series should never be read alone.
The comparison across five retailers is in who cleared the 2022 glut, and the sector sequence is in the glut timeline.
The data
| Quarter ended | Inventory ($M) | Change |
|---|---|---|
| Jul 2021 | 503.51 | — |
| Oct 2021 | 739.81 | +46.9% |
| Jan 2022 | 553.46 | -25.2% |
| Apr 2022 | 682.1 | +23.2% |
| Jul 2022 | 687.05 | +0.7% |
| Oct 2022 | 797.73 | +16.1% |
| Jan 2023 | 585.08 | -26.7% |
| Apr 2023 | 624.85 | +6.8% |
| Jul 2023 | 636.97 | +1.9% |
| Oct 2023 | 769.32 | +20.8% |
| Jan 2024 | 640.66 | -16.7% |
| Apr 2024 | 681.06 | +6.3% |
| Jul 2024 | 663.66 | -2.6% |
| Oct 2024 | 804.26 | +21.2% |
| Jan 2025 | 636.66 | -20.8% |
| Apr 2025 | 645.06 | +1.3% |
| Jul 2025 | 718.34 | +11.4% |
| Oct 2025 | 891.23 | +24.1% |
| Jan 2026 | 701.97 | -21.2% |
| May 2026 | 816.67 | +16.3% |
Source: company quarterly and annual reports. Figures as reported. Free to reuse with attribution to The Retail Ledger.