BUZZ-American Eagle Outfitters falls after withdrawing annual forecast

Reuters

2025/05/14

** 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

(Reporting by Juby Babu in Mexico City)

((Juby.Babu@thomsonreuters.com;))

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