Reported 2 days ago
American Eagle Outfitters' stock plummeted following a disappointing first-quarter report, revealing a loss per share of $0.29, significantly worse than analyst expectations. The retailer anticipates continued declines in sales for the upcoming quarter and has retracted its full-year forecast due to macroeconomic uncertainties and unexpected promotional events. As a result, American Eagle shares fell 9% ahead of market opening, marking a steep decline in their value over the year.
Source: YAHOO