American Eagle Outfitters temporarily closing stores due to coronavirus, withdraws guidance [MarketWatch]
American Eagle Outfitters, Inc. (AEO)
Last american eagle outfitters, inc. earnings: 3/4 04:01 pm
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Source: MarketWatch
American Eagle Outfitters temporarily closing stores due to coronavirus, withdraws guidance American Eagle Outfitters Inc. AEO, -4.22% said Tuesday that it will shutter stores after the close of business on March 17 through at least March 27. All store associates will receive their wages during this time. Workers who can work from home will do so, along with other precautions the company is taking to curb the spread. American Eagle has also withdrawn its first-quarter guidance as it expects store closures and the pandemic to have a material impact. American Eagle said it ended fiscal 2019 with no debt and $417 million in cash and short-term investments. The retailer has drawn down $330 million from its credit facility for near-term liquidity. American Eagle stock slipped 1.6% in premarket trading and is down nearly 59% over the past year. The S&P 500 index SPX, +0.19% is down 15.5% for the last 12 months.
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AEO
Earnings
- 3/7/24 - Beat
AEO
Sec Filings
- 4/11/24 - Form 4
- 4/11/24 - Form 4
- 4/11/24 - Form 4
- AEO's page on the SEC website