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

American Eagle connected Tuesday said it is penning disconnected $75 cardinal successful outpouring and summertime merchandise and withdrawing its full-year guidance arsenic it contends with dilatory sales, steep discounting and an uncertain economy.
The apparel retailer said it expects gross successful the archetypal quarter, which ended…

This communicative appeared connected cnbc.com, 2025-05-13 21:48:27.304000.