American Eagle's Preliminary 1Q Results Weigh on Rivals -- Market Talk

Dow Jones

2025/05/14

1711 ET - American Eagle CEO Jay Schottenstein says he's disappointed with the retailer's execution in the first quarter, for which the company expects to report lower revenue and a drop in same-store sales. The preliminary results come as American Eagle pulls its outlook for the year, saying that macroeconomic uncertainty has made it too difficult to predict consumer spending. American Eagle's stock drops 17% on the disclosure, prompting a sell-off in similar retail stocks. Shares of Abercrombie & Fitch fall 4.2%; shares of Gap decline 2.6%; and shares of Urban Outfitters edge 1.6% lower. (connor.hart@wsj.com)

(END) Dow Jones Newswires

May 13, 2025 17:11 ET (21:11 GMT)

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The preliminary results come as American Eagle pulls its outlook for the year, saying that macroeconomic uncertainty has made it too difficult to predict consumer spending. American Eagle's stock drops 17% on the disclosure, prompting a sell-off in similar retail stocks. Shares of Abercrombie &amp; Fitch fall 4.2%; shares of Gap decline 2.6%; and shares of Urban Outfitters edge 1.6% lower. 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