American clothing and accessories retailer American Eagle store seen in Hong Kong.
(Photo by Budrul Chukrut/SOPA Images/LightRocket via Getty Images)Shares of American Eagle plummeted about 17% Tuesday after the company issued a holiday forecast that failed to impress.
For its holiday quarter, American Eagle expects sales to be up high-single digits, ahead of the 3.4% sales growth analysts had expected, according to LSEG.
However, it's expecting its operating income to be between $105 million and $115 million, which is mostly below expectations of $114 million, according to StreetAccount.
For the full year, American Eagle is projecting revenue to be up mid-single digits, compared to previous guidance of up low single digits.
Budrul Chukrut, it's
Eagle, Getty, American Eagle, LSEG, Abercrombie, Fitch, Retailers