American Eagle Outfitters, a clothing company, had a bit of a rough start to the year! They sold less clothing than they expected, and this made their profits go down. This is happening to other clothing stores too because people are buying fewer clothes.
- Slower than expected sales in the first quarter.
- Profits are lower than predicted.
- Higher prices due to tariffs on goods from China.
- The company is trying to get its clothing from other countries to avoid paying higher prices.
| Fact | Number |
|---|---|
| Expected Revenue Increase | 2.97% |
| Actual Revenue Change | Low single-digit percentage decrease |
| Predicted Operating Income | $360 - $375 million |
| 2024 Operating Income | $427 million |
| Tariff Impact | $5 - $10 million |
