American Eagle cited macro uncertainty as it pulled it 2025 financial guidance as it reviews future plans. Schottenstein said American Eagle is in a better position for the second quarter, with inventory more aligned to sales trends.

American Eagle on Tuesday said it is writing off $75 million in spring and summer merchandise and withdrawing its full-year guidance as it contends with slow sales, steep discounting and an uncertain economy.

(Reuters) -American Eagle Outfitters on Tuesday withdrew its annual forecasts due to macroeconomic uncertainty and said it took a roughly $75 million inventory charge in the first quarter related to the write-down of its spring and summer merchandise.