American Eagle Outfitters Warns on Q1, Pulls Guidance for the Year
Price promotions and a $75 million write-down of inventory pushed the company to an adjusted operating loss.
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16 hours ago
McDonald's plans to hire 375,000 U.S. workers this summer
(Bloomberg) -- American Eagle Outfitters Inc. pulled its guidance for the full year following a first quarter that was marred by discounting and a write-down of inventory, sending the stock down in New York trading. Most Read from BloombergAs Coastline Erodes, One California City Considers ‘Retreat Now’A New Central Park Amenity, Tailored to Its East Harlem NeighborsPower-Hungry Data Centers Are Warming Homes in the NordicsLawsuit Challenges Trump Administration Policy on Migrant ChildrenIn a pr
American Eagle Outfitters Warns on Q1, Pulls Guidance for the Year
Price promotions and a $75 million write-down of inventory pushed the company to an adjusted operating loss.
•
16 hours ago
McDonald's plans to hire 375,000 U.S. workers this summer

Record first-quarter revenue of $1.2 billion masked a 2% comparable sales decline at the flagship American Eagle brand

Sales at American Eagle's namesake banner came in worse than expected after the company's splashy marketing campaign with actress…

The results underscore a widening split in consumer spending, with record-low sentiment driven by the Iran war forcing…

Bank of America believes that shares of American Eagle could fall an additional 22% from here.

JPMorgan forecast that shares of American Eagle Outfitters could fall 23% from their current levels.

American Eagle beat Wall Street's expectations but sales at its namesake banner fell short of estimates after its latest Sydney…