American Eagle stock plunges 11% on outlook despite Q2 beat
On September 9, American Eagle Outfitters reported that it beat quarterly revenue estimates by $1.38 billion, surpassing analysts' predictions of $1.37 billion. Despite consumers curbing discretionary spending, including apparel, the company maintained a positive outlook. American Eagle reiterated its forecast for fiscal 2026 comparable sales to increase by mid-single-digits and raised its operating income target, with earnings expected to range between $540 million and $550 million. The company cited tariff refunds totaling $196 million from the second quarter in its calculations.
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