American Eagle Outfitters Inc. shares surged more than 23 percent Monday after President Donald Trump praised the retailer's advertising campaign featuring actress Sydney Sweeney, contrasting it with what he called failed "woke" marketing strategies by other major brands.
Trump lauded the campaign after learning that Sweeney had reportedly registered as a Republican voter. Speaking to reporters in Pennsylvania over the weekend and later posting on his Truth Social platform Monday, Trump said he was surprised by the news before offering his endorsement.
"She's a registered Republican?" Trump asked, appearing surprised. "Oh. Now I love her ad! Is that right? Sydney Sweeney. … You'd be surprised how many people are Republicans. If Sydney Sweeney is a registered Republican, I think her ad is fantastic."
The company's marketing chief had previously described the campaign as intended to be "clever, even provocative" and designed to "push buttons.”

Trump used his Truth Social post to criticize other brands' marketing approaches, particularly targeting luxury automaker Jaguar and beer brand Bud Light.
"On the other side of the ledger, Jaguar did a stupid, and seriously WOKE advertisement, THAT IS A TOTAL DISASTER! The CEO just resigned in disgrace, and the company is in absolute turmoil,” he wrote.
Trump referenced Bud Light's controversial 2023 partnership with transgender influencer Dylan Mulvaney, writing that the brand "went Woke and essentially destroyed, in a short campaign, the Company. The market cap destruction has been unprecedented, with BILLIONS OF DOLLARS SO FOOLISHLY LOST."
Jaguar unveiled a rebranding campaign in November 2024 featuring bold colors and abstract slogans like "create exuberant" and "delete ordinary." The automaker described the campaign as embodying "exuberant modernism" and signaling its transition to a fully electric luxury lineup.
Vice President JD Vance weighed in on the American Eagle controversy during an appearance on the "Ruthless" podcast, suggesting critics were overreacting. Vance said Democrats risk alienating voters by attacking what he described as "a normal all-American beautiful girl doing a normal jeans ad."
Chief Financial Officer Michael Mathias told investors during a May earnings call that tariffs would cost the company $40 million as it works to mitigate impacts.