0858 ET - American Eagle Outfitters issued disappointing preliminary F1Q results and pulled its guidance for FY25, prompting Raymond James to recalculate estimates. "We maintain our market perform rating on concerns from execution challenges, macro headwinds and tariff risks," say the analysts, who lower their FY25/FY26 estimates for revenue and EPS. American Eagle CEO Jay Schottenstein said the merchandising strategy didn't connect with consumers as anticipated, resulting in higher promotions and excess inventory. American Eagle tumbles 13% premarket. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
May 14, 2025 08:59 ET (12:59 GMT)
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