American Eagle (AEO -2.7%) management expects store closures (effective EOD Mar. 17th) and the impact of COVID-19 to have a material adverse impact on financial results.

American Eagle (AEO -2.7%) management expects store closures (effective EOD Mar. 17th) and the impact of COVID-19 to have a material adverse impact on financial results.

In addition, AEO is withdrawing the Q120 guidance issued on March 4, 2020.

Online shopping via ae.com, aerie.com and through the AE/Aerie app will continue to operate as normal.

AEO ended fiscal 2019 with $417M in cash and short-term investments and no debt and has recently drawn $330M on its revolving credit facility to further bolster near-term liquidity.
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AC Investment Inc. currently does not act as an equities executing broker or route orders containing equities securities. If AC Invest’s business model were to change and it begins routing non-directed orders in NMS securities, it will comply with the disclosure requirement of Rule 606.

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