American Eagle Shares Tumble On Weak Margin Outlook
American Eagle shares tumbled after the apparel retailer forecast flat quarterly gross margins. The company struggles with weak demand for its namesake brand and discounting to clear excess inventory.
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AMERICAN EAGLE OUTFITTERS shares tumbled 11% during Thursday morning trading after the apparel retailer forecast flat quarterly gross margins. The profit warning highlights persistent discounting to clear excess inventory and cooling demand for its namesake brand.
