American Eagle Outfitters reported fiscal second-quarter earnings of $0.79 per share and revenue of $1.38 billion, exceeding consensus estimates of $0.21 to $0.22 and $1.37 billion. Shares fell 14.45% to $14.45 in Thursday premarket trading, near their 52-week low of $14.05, as investors weighed a substantial tariff-related profit boost against ongoing merchandise-margin pressure and higher inventory costs. The company received $196 million in International Emergency Economic Powers Act tariff refunds, including interest; the net refund benefit was reported at $179 million, while operating income included about $161 million in net tariff-refund benefits. Total comparable sales rose 6%, with Aerie and Offline revenue up 25% to $536 million and comparable sales up 19%, while American Eagle revenue rose 1% and comparable sales declined 1%. Management expects third-quarter comparable-sales growth in the mid-to-high single digits and maintained fiscal 2026 guidance for mid-single-digit comparable-sales growth and higher gross margin.