04:59 PM EDT, 05/13/2025 (MT Newswires) -- American Eagle Outfitters ( AEO ) late Tuesday reported a preliminary Q1 adjusted operating loss of around $68 million, compared with operating income of $78 million a year earlier.

Analysts polled by FactSet expect adjusted operating income of $23.7 million.

Revenue for the quarter ended May 3 is expected to be $1.1 billion, down from $1.14 billion a year earlier.

Analysts polled by FactSet expect $1.08 billion.

For 2025, the retailer also said it is withdrawing its prior outlook, citing uncertainty with the macro environment.

American Eagle shares recently were sinking more than 17% in Tuesday's after-hours activity.

Price: 10.52, Change: -2.20, Percent Change: -17.30