American Eagle Outfitters falls after withdrawing annual forecast
ReutersMay 13, 2025 8:30 PM
Apparel company American Eagle Outfitters' AEO.N shares fall 7.2% to $11.80 after hours
AEO withdraws 2025 forecasts due to "macro uncertainty"; says management is reviewing forward plans
Expects Q1 revenue of about $1.1 billion, down 5%; comparable sales expected to fall nearly 3%
"We are clearly disappointed with our execution in the first quarter. Merchandising strategies did not drive the results we anticipated, leading to higher promotions and excess inventory."- CEO Jay Schottenstein
AEO has fallen 23.7% YTD
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