American Eagle Cuts Sales Forecast
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year sales forecastCNBC
•Shares of American Eagle plunge 13% as company issues weak holiday guidance
80% Informative
American Eagle missed Wall Street's expectations on the top line, but beat on the bottom line.
The apparel retailer saw strong demand during back-to-school but said consumers are pulling back in between key moments.
American Eagle 's Aerie brand saw strong growth with comparable sales up 5% , on top of 12% in the year-ago period.
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