American Eagle Outfitters Inc. experienced a significant drop in its stock price, falling over 13% after the company issued a weak holiday sales guidance. The retailer reported third-quarter earnings per share of $0.48, slightly above the expected $0.47, but revenue fell short at $1.29 billion compared to the anticipated $1.30 billion. The company's guidance for the fourth quarter included an expected 1% increase in comparable sales, but a projected 4% year-over-year revenue decline, including an $85 million impact from store closures. This adjustment in outlook reflects a broader trend of slowing consumer spending, as noted by other retail giants.