American Eagle Outfitters ( AEO -5.03%) stock slid 6.4% through 10:50 a.m. ET Wednesday after preannouncing sales broadly in line with expectations, but warning of worse times to come.

Shares of apparel retailer American Eagle Outfitters dropped in extended trading Tuesday after the company pulled its 2025 guidance, saying its first-quarter results were "clearly" disappointing.

Shares of American Eagle Outfitters are tumbling after the retailer withdrew its financial outlook for the year citing “macro uncertainty” and said it would write down $75 million in spring and summer merchandise.