Earnings

American Eagle Outfitters AEO shares plunge after earnings report

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A view of an American Eagle Outfitters store in Arlington, Virginia.

Erin Scott | Reuters

Shares of American Eagle Outfitters dropped fell Thursday, after the company lowered its full-year outlook, even as it matched Wall Street’s quarterly earnings expectations and beat revenue expectations.

The mall retailer said Wednesday afternoon it now expects operating income to range between $250 million and $270 million, below the $270 million to $310 million range it had predicted in March. It said it anticipates full-year revenue to be flat to down low single-digits, lagging the flat to up single-digits it projected before.

Sales trends slowed as the company began the second quarter, a pattern the…



Source cnbc.com

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