American clothing and accessories retailer American Eagle store seen in Hong Kong.
Budrul Chukrut | Lightrocket | Getty Images
American Eagle warned investors on Wednesday that consumers are pulling back on spending and it’s seen a “slower start” to the year than it expected.Â
“Entering 2025, the first quarter is off to a slower start than expected, reflecting less robust demand and colder weather,” CEO Jay Schottenstein said in a news release. “While we anticipate improvement as the Spring season gets underway, we are also taking proactive steps to strengthen the top-line, manage inventory and reduce expenses. As we navigate through an uncertain consumer and operating landscape, we will also remain focused on our long-term strategic priorities.”Â
Shares fell about 5% in extended trading.
The downbeat commentary, which came along with weak guidance for the current quarter and year ahead, is the latest warning sign that the consumer…
