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flag American Eagle Outfitters' shares plummet after reporting a disappointing Q1 and withdrawing 2025 outlook.

flag American Eagle Outfitters' shares fell sharply after the company withdrew its 2025 outlook and reported disappointing first-quarter results, with revenue expected to drop 5% and comparable sales down 3%. flag The decline is attributed to higher promotional activity and a $75 million write-down of unsold spring and summer merchandise. flag CEO Jay Schottenstein expressed disappointment with the company's merchandising strategies.

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