American Eagle Shares Drop Amid Weak Holiday Forecast and Revenue Miss
American Eagle's shares fell 13% after the company issued weak holiday guidance and reduced its full-year forecast, citing inconsistent consumer spending outside key shopping periods. The retailer narrowly missed revenue expectations but exceeded earnings forecasts for the third quarter. Despite strong demand for its Aerie brand, American Eagle anticipates a 4% decline in total holiday sales and adjusted its full-year sales growth expectations downward. This cautious outlook contrasts with some competitors who have recently improved their forecasts.