Shares of American Eagle plunge 13% as company issues weak holiday guidance

American Eagle cut its full-year sales forecast and issued holiday guidance that came in below expectations.

American Eagle's Aerie brand saw strong growth with comparable sales up 5%, on top of 12% in the year-ago period.issued weak holiday guidance on Wednesday and cut its full-year forecast as it contends with value-seeking consumers who are only willing to spend during key shopping moments.

While it was narrow, Wednesday's miss is the third quarter in a row that American Eagle has not met Wall Street's sales targets.In a statement, CEO Jay Schottenstein touted a"strong" back-to-school shopping season but said demand remains inconsistent in between major shopping events. Consumers coming out for key shopping moments, and then sharply dropping off, has been a consistent theme across the retail industry.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Tesla shares soar 13% as Trump win sets stage for Elon Musk's electric vehicle companyShares of Tesla soaring after an election that will send Donald Trump back to the White House, an outcome that has been strongly backed by CEO Elon Musk in the closing months of the race.
La source: wjxt4 - 🏆 246. / 63 Lire la suite »

Tesla shares soar 13% as Trump win sets stage for Elon Musk's electric vehicle companyShares of Tesla soaring after an election that will send Donald Trump back to the White House, an outcome that has been strongly backed by CEO Elon Musk in the closing months of the race.
La source: ksatnews - 🏆 442. / 53 Lire la suite »