American Eagle shares plunge 17% after it withdraws guidance, writes off $75 million in inventory

Why is New York suing Capital One? How will new Social Security rules affect retirees? What impact will ESPN’s new streaming app have? Why is GSK investing heavily in liver disease drugs? How did Trump’s Middle East trip boost AI deals? What risks do proposed Medicaid cuts pose? How will Canada’s delayed budget affect the economy? Why did Amazon cut jobs in its devices unit? What caused Foot Locker’s stock surge amid buyout talks?

American Eagle shares plunge 17% after it withdraws guidance, writes off $75 million in inventory

nbcnews.com/business/business-news/american-eagle-shares-plunge-withdraws-guidance-2025-rcna206821

American Eagle on Tuesday said it is writing off $75 million in spring and summer merchandise and withdrawing its full-year guidance as it contends with slow sales, steep discounting and an uncertain economy.

This story appeared on nbcnews.com, 2025-05-14 17:28:08.