American Eagle shares plunge 17% after it withdraws guidance, writes off $75 million in inventory

American Eagle said it expects sales to decline 5% in its fiscal first quarter after it saw slow demand and steep discounting.

May 13, 2025 - 22:36
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American Eagle shares plunge 17% after it withdraws guidance, writes off $75 million in inventory
American Eagle said it expects sales to decline 5% in its fiscal first quarter after it saw slow demand and steep discounting.