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American Eagle Outfitters' shares plummet after reporting a disappointing Q1 and withdrawing 2025 outlook.
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%.
The decline is attributed to higher promotional activity and a $75 million write-down of unsold spring and summer merchandise.
CEO Jay Schottenstein expressed disappointment with the company's merchandising strategies.
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Las acciones de American Eagle Outfitters se desplomaron después de reportar un decepcionante primer trimestre y retirar las perspectivas para 2025.