Here's Why American Eagle Stock Plunged Today

Shares of apparel company American Eagle Outfitters (AEO -15.43%) plunged on Thursday after the company reported financial results for its fiscal third quarter of 2024. Sales are slow and management said the one word that investors didn't want to hear. Consequently, American Eagle stock was down 14% as of 1:20 p.m. ET.Why investors got spooked todayIn Q3, which ended Nov. 2, American Eagle had total net revenue of nearly $1.3 billion. This was marginally down year over year even though same-store sales were ...