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American Eagle falls 15% on dismal forecast despite Sydney Sweeney jeans campaign

Source: nypost.com

Corporate EarningsConsumer Demand & RetailCorporate Guidance & OutlookCompany Fundamentals
American Eagle falls 15% on dismal forecast despite Sydney Sweeney jeans campaign

The retail chain reported upbeat second-quarter revenue of $1.4 billion, signaling resilient sales performance. However, it maintained its full-year same-store sales outlook and expects third-quarter gross margins to remain flat, tempering the positive revenue result.

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