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American Eagle Stock Slumps on Signs of Weakness at Namesake Brand
With Thursday’s slide, American Eagle shares have lost nearly half their value since the start of the year.Credit: Scott Olson / Getty ImagesKey TakeawaysAmerican Eagle shares tumbled Thursday after comparable sales growth missed expectations, driven by a decline at the retailer’s namesake stores.The company raised its profit forecast, but excluding a benefit from tariff refunds, it would have been lowered.American Eagle Outfitters stock is tumbling after the retailer’s comparable sales came in short of estimates amid continued weakness at its namesake stores.American Eagle (AEO) shares were…
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