1430 ET - American Eagle's weaker-than-expected preliminary 1Q results indicate that the company is likely underperforming its peers, and that an expected uptick in demand in March and April failed to materialize, UBS analysts say in a research note. "Plus, the decision to write-down inventory related to spring/summer goods within Q1 suggests business was not expected to get better quickly," they write. The analysts remain optimistic, though, citing management's proactive work to address assortment and inventory, which they say puts American Eagle in a position to potentially rebound in the back half of the year. "Plus, the improvement in the tariff/trade environment suggests to us downside risks are likely receding," they write. Shares fall 5.6%. (connor.hart@wsj.com)
(END) Dow Jones Newswires
May 14, 2025 14:30 ET (18:30 GMT)
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