American Eagle’s shares fell about 5% in extended trading after the company warned of a slower start to 2025. The apparel retailer reported a net income of $104 million, or 54 cents per share, for the quarter ending February 1, up from $6.31 million, or 3 cents per share, the previous year. Despite this, sales dropped to $1.60 billion from $1.68 billion a year earlier. Comparable sales rose by 3%, surpassing the expected 2.1%. Aerie, the company’s intimates and activewear line, saw a 6% increase in comps, while the American Eagle banner’s comps grew by 1%. For the current quarter, the company anticipates a mid-single-digit decline in sales, contrary to analysts’ expectations of a 1.3% increase. For the full year, American Eagle expects sales to fall by a low single digit, compared to the anticipated 3% growth. These projections reflect a broader trend among retailers reporting weaker sales amid economic uncertainty.
Allegheny Stormfront
@MountainWX
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Mar 11 *gulps discreetly*Take this with a giant grain of salt for now. But if models like this stay consistent into Thursday, great concern should be taken. Evidently now, a high-ceiling severe weather is possible for central Appalachia. #kywx #ohwx
Mac10
@SuburbanDrone
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20h Airlines are signaling recession is already here:“On Tuesday, American forecast a wider first-quarter loss due to a sharp slowdown in revenue”
https://finance.yahoo.com/news/us-airline-stocks-tumble-deltas-095304077.html…Airlines stocks have collapsed 30% since January. A pandemic rate of collapse.Economists will all be
Sammy Troup
@WXTriad
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9h Really don’t like posting the CSU model, but it’s risk for Saturday already being this high 4 days out is very worrisome. I’ve never seen that before. Regardless, Saturday will be a dangerous day & take it seriously.
DonCorleone77
@CorleoneDon77
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44m $AEO American Eagle sees FY25 revenue down low-single digitsSees FY25 operating income $360M-$375M. Sees FY25 gross margin down year-over-year.
Suneel Yadkikar
@suneelyadkikar
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Mar 9 Donald Trump needs to slow down with these tariffs! His trade war is tanking markets, risking jobs, and spiking inflation. DoorDash might dodge it, but American Eagle’s already crumbling. Cool the chaos before it’s too late!#TrumpTariffs #StockMarket
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