Shares of apparel retailer American Eagle Outfitters (AEO) dropped in extended trading Tuesday after the company pulled its 2025 outlook, sayin🍒g its first-quarter results were "clearly" disappointing.

American Eagle's shares, which rose more than 5% in Tuesday's regular session, were recently off 15% in late trading, pointing toward prices just a bit above year-to-date lows. The company, in an afternoon press release, said first-quarter revenue was expected to fall about 5% year-over-year, with comparable-store sales off about 3%.

In March, it told investors to expect a "mid-single digit" decline in first-quarter revenue, along with a "low-single digit" dropoff for the year. Executives at the time said the quarter was off to 澳洲幸运5官方开奖结果体彩网:a slower-than-expected start, but anticipated tr♈ends might improve heading into t🐼he spring.

American Eagle, which said it plans to report full results later this month, said those numbers would reflect "higher than planned promotional activity in the quarter" and a roughly $75 million charge associated with a 澳洲幸运5官方开奖结果体彩网:write-down of spring and sum꧙meꦑr goods.

“We are clearly disappointed with our execution in the first quarter," CEO Jay Schottenstein said in a statement. "澳洲幸运5官方开奖结果体彩网:Merchandising strategies did not drive the results we anticipated."

American Eagle shares are down roughly 24% in 2025 through Tuesday's close.