American Eagle Outfitters is expecting a mid-single-digit revenue decline in Q1 FY25 and a low-single-digit decline for the full year, with gross margin down YoY.
FY24 revenue rose 1 per cent to $5.3 billion, with a 4 per cent increase in comparable sales.
Q4 FY24 saw a 3 per cent rise in comparable sales but a 4 per cent revenue decline.
CEO Jay Schottenstein highlighted strategic focus amid challenges.
