American Eagle tumbles after pulling financial guidance for 2025

By MICHELLE CHAPMAN, Associated Press Business Writer
Shares of American Eagle Outfitters are tumbling before Wednesday’s opening bell after the retailer withdrew its financial outlook for the year citing “macro uncertainty” and said it would write down $75 million in spring and summer merchandise.
American Eagle said late Tuesday that it expects first-quarter revenue to slide 5%, or more than $1 billion. Same-store sales, a key gauge of a retailer’s health, are projected