Matthew Boss – J.P. Greetings and welcome to the American Eagle Outfitters’ Second Quarter 2021 Earnings Conference Call. It is now my pleasure to introduce your host, Ms. Judy Meehan. Thank you, ma’am. Please go ahead. Good morning, everyone. Joining me today for our prepared remarks are Jay Schottenstein, Executive Chairman and Chief Executive Officer; Jen Foyle, President, Executive Creative Director for AE and Aerie; Michael Rempell, Chief Operating Officer; and Top Source Media Mike Mathias, Chief Financial Officer. 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 filings. 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. Also, please note that during this call and in the accompanying press release certain financial metrics are presented on both a GAAP and non-GAAP adjusted basis.
Here you can also find the second quarter investor presentation. As a note, our second quarter fiscal 2021 results are primarily compared to second quarter fiscal 2020 with comparisons to the second quarter of fiscal 2019 included where applicable. And now I’ll turn the call over to Jay. Thank you, Judy and good morning, everyone. I’m very proud to announce a record second quarter fueled by strong customer demand for our products and brand. Financial results exceeded our expectations. Revenue increased 45% over last year. On a comparable basis, Top Source Media revenue increased 19% to 2019. Sales of $1.2 billion and profits of $168 million were the highest in our history. With our renewed focus entering this year, we are running the business better than ever across the Board. As I said, in January, we have the best talent in the industry, and these results are clear evidence of that. So I’d like to start by thanking the entire AEO family for this significant accomplishment.
The passion, talent and commitment, are taken our brand and Company to new heights. As I also said at our January Investor meeting, we are on offence emerging from 2020, the strength and focus, a real power, new growth plan is our guiding light. I’m very pleased that we are making swift progress on our pillars putting us ahead of schedule on our financial targets. Today, the team will take you through the details of our performance. But I’d like to start with a few highlights. Aerie just continues to deliver exceptional multi-year growth. As a brand new scaling, we are seeing significant profits flow through. This quarter was one more proof point of the excitement behind this brand. I couldn’t be more optimistic about the potential ahead as we make our way to the next $1 billion in revenue. American Eagle simply proving to be a powerful brand, we always knew it was.
Its dominant market position, combined with a fresh focus on inventory management have resulted in the best margins and profits in years. Under Jen’s leadership, the energized product embarking are yielding results and the timing couldn’t be better. As a number 1 jeans brand, we are well positioned to capitalize on strong demand fueled by emerging trends. Across channels, stores and digital are firing on all cylinders and driving meaningful profitability. Our multi-year investment to improve our customer shopping experience and enhance our supply chain are delivering strong returns. We’re gaining new customers and the relaunch of our loyalty program has been a success. Across operations, we are creating efficiencies, increasing our speed and agility. The supply chain deliver great results even in the face of headwinds. While we made great progress, we are just hitting our stride. I see so much opportunity for us to generate incremental value moving forward.