Shares of apparel retailer American Eagle Outfitters (AEO) dropped in extended trading Tuesday after the company pulled its 2025 outlook, 🌟saying 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开奖号码历史查询:a slower-than-expected start, but anticipated t🌸rends might imp❀rove heading into the 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开奖号码历史查询:write-down of s💛pring an⛄d summer goods.

“We are clearly disappointed with our execution in the first quarter," CEO Jay Schottenstein said in a statement. "澳洲幸运5开奖号码历史查询:Merchandising strategies did not drive the results we anticipated."

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