Gap, American Eagle Shares Fall on Weakened Annual Forecasts

By EC Assets · Published 29 May 2026

Gap and American Eagle Outfitters shares declined after recent forecasts. The companies faced challenges regarding annual sales and investor reassurance about apparel demand. Shares of Gap dropped 15% in premarket trading on Friday, while American Eagle Outfitters shares fell 10%. Gap cut its annual sales forecast. American Eagle Outfitters kept its annual comparable sales view unchanged. These actions did not fully reassure investors. The declines followed weak annual forecasts from apparel makers. Snowflake stock surged after the software maker reported second-quarter earnings and revenue that exceeded Wall Street estimates. Dollar Tree and Hormel Foods also contributed to U.S. stocks holding near record levels with strong profits. Build-A-Bear adjusted its full-year revenue guidance downward but increased expected pre-tax income due to a tariff refund. The company also issued a caution on other factors. This article is intended for informational purposes only. It does not constitute investment advice.