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Market Impact: 0.4
American Eagle shares slide as flat margin outlook, weak core brand weigh
Source: reuters.com
Corporate EarningsCorporate Guidance & OutlookConsumer Demand & RetailCompany Fundamentals
American Eagle Outfitters shares fell more than 11% in premarket trading after the company forecast flat quarterly gross margin. Although second-quarter revenue beat expectations, persistent weakness at its core brands overshadowed the sales outperformance and signaled continued pressure on profitability.
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