💨 Abstract

American Eagle Outfitters' stock plunged over 14% after the company withdrew its 2025 financial outlook due to "macro uncertainty" and planned to write down $75 million in spring and summer merchandise. The retailer anticipates a 5% revenue decline and a $68 million operating loss for the first quarter. CEO Jay Schottenstein blamed poor merchandising strategies and excess inventory. The trade war and consumer caution are contributing factors.

Courtesy: wtop.com