|
SECURITY: ARO (Common)
EXCHANGE: New York Stock Exchange CURRENCY: US Dollar
Aeropostale, Inc. is a
mall-based, specialty retailer of casual apparel and accessories, principally
targeting 14 to 17 year-old young women and men. The company provides customers
with a focused selection of high-quality, active-oriented, fashion and
fashion basic merchandise at compelling values. Aeropostale maintains control
over its proprietary brands by designing, sourcing, marketing and selling
all of its own merchandise. Aeropostale products are currently purchased
only in its stores, on-line through its e-commerce website (www.aeropostale.com)
or at organized sales events at college campuses.
The company currently
operates 728 Aeropostale stores in 47 states and 14 Jimmy'Z stores in 11
states.
http://www.aeropostale.com
Aeropostale
Reports Record Second Quarter 2008 Results
Second
Quarter Net Sales Increase 21% Same Store Sales Increase 11% Earnings Per
Share Growth of 63% to $0.31 Per Diluted Share
NEW
YORK, Aug 21, 2008 (BUSINESS WIRE) -- Aeropostale, Inc. (NYSE: ARO), a
mall-based specialty retailer of active and casual apparel for young women
and men, today reported results for the second quarter ended August 2,
2008.
Net
income for the second quarter of fiscal 2008 increased 43% to a record
$21.1 million, or $0.31 per diluted share, compared to net income of $14.7
million, or $0.19 per diluted share, in the second quarter of fiscal 2007.
For
the second quarter of fiscal 2008, total net sales increased 21% to $377.1
million, from $311.2 million in the year-ago period. Same store sales for
the second quarter increased 11%, compared to a decrease of 4% in the year-ago
period.
Julian
R. Geiger, Chairman and Chief Executive Officer said, "We are extremely
pleased with our second quarter performance. The ongoing strength of our
merchandise assortments and our team's consistent execution led to another
record quarter. Our back-to-school merchandise assortments have been positively
received by our customers and we believe that we are well positioned as
we head into the second half of the year. We remain focused on building
on our strong momentum for the Aeropostale brand, while strategically investing
in our business to support our long-term growth."
Third
Quarter Guidance
The
Company announced its earnings guidance for the third quarter of fiscal
2008. The Company believes it will achieve earnings in the range $0.59
to $0.61 per diluted share for the third quarter. The Company achieved
earnings of $0.48 per diluted share in the third quarter last year.
Board
Appointment
The
Company also announced today that Thomas P. Johnson, Executive Vice President,
Chief Operating Officer of Aeropostale has been elected to the Company's
Board of Directors, effective August 19, 2008. Mr. Johnson has served as
the Company's Chief Operating Officer since 2004 and has been with the
Company since 2001. In addition to becoming a member of our Board, Mr.
Johnson will continue in his role as the Company's Executive Vice President,
Chief Operating Officer.
Aeropostale
Reports June Sales Results
Same
Store Sales Increase 12% Raises Second Quarter Guidance
NEW
YORK, Jul 10, 2008 (BUSINESS WIRE) -- Aeropostale, Inc. (NYSE: ARO), a
mall-based specialty retailer of casual and active apparel for young women
and men, today announced that total net sales for the five-week period
ended July 5, 2008 increased 22% to $136.0 million, from $111.4 million
for the five-week period ended July 7, 2007. The Company's same store sales
increased 12% for the month, compared to being essentially flat in the
year ago period.
Year
to date total net sales have increased 21% to $574.7 million, from $475.3
million in the year-ago period. Year to date same store sales increased
10%, compared to a same store sales increase of 2% last year.
Aeropostale
Reports First Quarter 2008 Results
First
Quarter Net Sales Increase 22% Same Store Sales Increase 10% Earnings Per
Share Growth of 44% to $0.26 Per Diluted Share
NEW
YORK, May 22, 2008 (BUSINESS WIRE) -- Aeropostale, Inc. (NYSE: ARO), a
mall-based specialty retailer of active and casual apparel for young men
and women, today reported results for the first quarter ended May 3, 2008.
Net
income for the first quarter of fiscal 2008 was $17.5 million, or $0.26
per diluted share, compared to net income of $13.8 million, or $0.18 per
diluted share, in the first quarter of fiscal 2007.
For
the first quarter of fiscal 2008, total net sales increased 22% to $336.3
million, from $275.8 million in the year-ago period. Same store sales for
the first quarter increased 10%, compared to an increase of 3% in the year-ago
period.
Julian
R. Geiger, Chairman and Chief Executive Officer said, "We are thrilled
with our record first quarter performance and solid start to fiscal 2008.
Our spring merchandise assortment was very well received and Aeropostale
continues to gain brand preference among teen customers. During the quarter
we remained committed to striking the right balance between fashion and
value, while appropriately managing our inventory levels. As we head into
the second quarter and important back-to-school selling season, we believe
we are well positioned to continue to capture additional market share."
Second
Quarter Guidance:
The
Company announced its earnings guidance for the second quarter of fiscal
2008. The Company believes it will achieve earnings in the range $0.22
to $0.24 per diluted share for the second quarter.
Julian
R. Geiger, Chairman and Chief Executive Officer concluded, "We are very
pleased with the momentum that we are generating and the strength, vitality
and transportability of the Aeropostale brand. We also continue to make
progress with our growth initiatives, and we remain excited about the future
opportunities to maximize our long-term profitability."
Aeropostale
Reports April Sales Results
Same
store sales increase 25% Raises First Quarter Guidance
NEW
YORK, May 08, 2008 (BUSINESS WIRE) -- Aeropostale, Inc. (NYSE: ARO), a
mall-based specialty retailer of casual and active apparel for young women
and men, today announced that total net sales for the four-week period
ended May 3, 2008 increased 39% to $104.9 million, from $75.4 million for
the four-week period ended May 5, 2007. The Company's same store sales
increased 25% for the month, compared to a same store sales decrease of
14% in the year ago period.
For
the first quarter of fiscal 2008, total net sales have increased 22% to
$336.3 million, from $275.8 million in the year-ago period. Same store
sales for the first quarter have increased 10%, compared to a same store
sales increase of 3% last year.
The
Company noted that it was very pleased with its strong performance for
the month and quarter, which reflects the vitality and momentum of the
Aeropostale brand. Based on the better than expected sales and gross margins
for the month, the Company expects first quarter net earnings of approximately
$0.25 per diluted share, versus its previously issued guidance in the range
of $0.20 to $0.22 per diluted share.
Aeropostale
to Broadcast Review of Fiscal 2008 First Quarter Financial Results over
the Internet
NEW
YORK, Apr 28, 2008 (BUSINESS WIRE) -- Aeropostale, Inc. (NYSE: ARO), a
mall-based specialty retailer of casual and active apparel for young women
and men, today announced that the Company's conference call to review its
fiscal 2008 first quarter results will be broadcast live over the Internet
on Thursday, May 22, 2008 at 4:15 p.m. Eastern Time. The broadcast will
be available by clicking the 'Investor Relations' link under the Corporate
section on www.aeropostale.com and at www.earnings.com.
Aeropostale
Reports March Sales Results
Same
store sales increase 2.5%
NEW
YORK, Apr 10, 2008 (BUSINESS WIRE) -- Aeropostale, Inc. (NYSE: ARO), a
mall-based specialty retailer of casual and active apparel for young women
and men, today announced that total net sales for the five-week period
ended April 5, 2008 increased 13.6% to $141.8 million, from $124.8 million
for the five-week period ended April 7, 2007. The Company's same store
sales increased 2.5% for the month, compared to a same store sales increase
of 15.9% in the year ago period.
Year
to date, total net sales have increased 15.5% to $231.5 million, from $200.4
million in the year-ago period. Year-to-date, same store sales have increased
4.2%, compared to a same store sales increase of 10.3% last year.
The
Company noted that it continued to experience positive customer reaction
to its spring merchandise assortment. The Company also noted that its inventories
remain well controlled and on plan, and its gross margins for the month
increased over last year.
Aeropostale
Reports January Sales Results
Same
store sales increase 4.7%
Reiterates
Fourth Quarter Guidance
NEW
YORK--(BUSINESS WIRE)--Feb. 7, 2008--Aeropostale, Inc. (NYSE: ARO), a mall-based
specialty retailer of casual and active apparel for young women and men,
today announced that total net sales for the four-week period ended February
2, 2008 decreased 13.8% to $78.0 million, from $90.4 million for the five-week
period ended February 3, 2007. Same store sales for the month increased
4.7%, compared to the corresponding four-week period ended February 3,
2007.
Total
sales for the fourth quarter ended February 2, 2008 (13 weeks) increased
15.1% to $583.6 million, from $506.8 million for the fourth quarter ended
February 3, 2007 (14 weeks). Same store sales for the fourth quarter increased
9.2%, compared to the corresponding thirteen-week period last year.
Total
net sales for Fiscal 2007 (52 weeks) increased 12.0% to $1.583 billion,
from $1.413 billion for Fiscal 2006 (53 weeks). Same store sales for Fiscal
2007 increased 3.3%, compared to the corresponding fifty-two week period
last year.
The
Company noted that management was pleased with Aeropostale's January sales
performance, and its strong finish to fiscal 2007. During the month, the
Company continued to make progress in clearing through its residual holiday
product, while also experiencing positive early reads on its spring merchandise
assortment. The Company believes it is well positioned to make a smooth
transition into the spring selling season.
The
Company also reiterated its fourth quarter earnings guidance of approximately
$0.91 per diluted share, including approximately $4.1 million of other
income or $0.04 per share relating to a settlement with a former officer
of the company. Excluding this settlement, the company continues to expect
fourth quarter earnings of approximately $0.87 per share.
|