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American Eagle shares plunge 17% after it withdraws guidance, writes off $75 million in inventory
cnbc.com/2025/05/13/american-eagle-withdraws-2025-guidance-says-q1-worse-than-expected.html
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.
The apparel retailer said it expects revenue in the first quarter, which ended…
This story appeared on cnbc.com, 2025-05-13 21:48:27.304000.