May 13 (Reuters) - American Eagle Outfitters Inc AEO.N:
AEO INC. REPORTS PRELIMINARY FIRST QUARTER RESULTS
WITHDRAWING FISCAL YEAR 2025 GUIDANCE
FOR Q1 OF 2025, REVENUE IS EXPECTED TO BE APPROXIMATELY $1.1 BILLION
AMERICAN EAGLE OUTFITTERS: INVENTORY CHARGE OF ROUGHLY $75 MILLION RELATED TO WRITE-DOWN OF SPRING AND SUMMER MERCHANDISE IN QUARTER
Q1 COMPARABLE SALES ARE EXPECTED TO BE DOWN APPROXIMATELY 3%
: ARE ACTIVELY EVALUATING OUR FORWARD PLANS
: ENTERED Q2 IN A BETTER POSITION, WITH INVENTORY MORE ALIGNED TO SALES TRENDS
AMERICAN EAGLE OUTFITTERS- EXPECTS ADJUSTED OPERATING LOSS OF APPROXIMATELY $68 MILLION FOR Q1
Q1 REVENUE VIEW $1.08 BILLION -- LSEG IBES DATA
Source text: ID:nBwbQtJy6a
Further company coverage: AEO.N
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