Aeropostale Reports Record August Sales Results; Same Store Sales Increase 9%; Raises Third Quarter Earnings Guidance
Posted on: Thursday, 3 September 2009, 07:05 CDT
NEW YORK, Sept. 3 /PRNewswire-FirstCall/ -- 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 August 29, 2009 increased 16% to $241.7 million, from $207.9 million for the four-week period ended August 30, 2008. The Company's same store sales increased 9% for the month, compared to a same store sales increase of 13% in the year ago period.
Year to date, total net sales have increased 20% to $1.103 billion, from $921.4 million in the year ago period. Year to date, same store sales have increased 11%, compared to a same store sales increase of 11% last year.
The Company noted that the strength of its back to school collection, coupled with the successful execution of its pre-planned promotions, led to solid increases in both sales and merchandise margins. Accordingly, both the level and composition of its inventories are well positioned as the Company heads into the remainder of the back to school selling season.
Third Quarter Guidance:
Based on the better than expected results for the month, the Company now believes it will achieve net earnings in the range $0.78 to $0.80 per diluted share, compared to its previously issued earnings guidance in the range of $0.76 to $0.78 per share.
The Company achieved net earnings of $0.63 per share in the third quarter last year.
To hear the Aeropostale prerecorded August sales message, please dial (866) 644-7738 or (585) 267-8033.
About Aeropostale, Inc.
Aeropostale, Inc. is a mall-based, specialty retailer of casual apparel and accessories, principally targeting 14 to 17 year-old young women and men through its Aeropostale(R) stores and 7 to 12 year-old kids through its P.S. from Aeropostale(TM) stores. The Company provides customers with a focused selection of high-quality, active-oriented, fashion and fashion basic merchandise at compelling values. Aeropostale(R) maintains control over its proprietary brands by designing, sourcing, marketing and selling all of its own merchandise. Aeropostale(R) products can only be purchased in its Aeropostale stores and online at www.aeropostale.com. P.S. from Aeropostale(TM) products can be purchased in P.S. from Aeropostale(TM) stores and online at www.ps4u.com. The Company currently operates 888 Aeropostale stores in 49 states and Puerto Rico, 38 Aeropostale stores in Canada and 9 P.S. from Aeropostale stores in 2 states.
SPECIAL NOTE: THIS PRESS RELEASE AND ORAL STATEMENTS MADE FROM TIME TO TIME BY REPRESENTATIVES OF THE COMPANY CONTAIN CERTAIN "FORWARD-LOOKING STATEMENTS" CONCERNING EXPECTATIONS FOR SALES, STORE OPENINGS, GROSS MARGINS, EXPENSES, STRATEGIC DIRECTION AND EARNINGS. ACTUAL RESULTS MIGHT DIFFER MATERIALLY FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS. AMONG THE FACTORS THAT COULD CAUSE ACTUAL RESULTS TO MATERIALLY DIFFER INCLUDE, CHANGES IN THE COMPETITIVE MARKETPLACE, INCLUDING THE INTRODUCTION OF NEW PRODUCTS OR PRICING CHANGES BY OUR COMPETITORS, CHANGES IN THE ECONOMY AND OTHER EVENTS LEADING TO A REDUCTION IN DISCRETIONARY CONSUMER SPENDING; SEASONALITY; RISKS ASSOCIATED WITH CHANGES IN SOCIAL, POLITICAL, ECONOMIC AND OTHER CONDITIONS AND THE POSSIBLE ADVERSE IMPACT OF CHANGES IN IMPORT RESTRICTIONS; RISKS ASSOCIATED WITH UNCERTAINTY RELATING TO THE COMPANY'S ABILITY TO IMPLEMENT ITS GROWTH STRATEGIES, AS WELL AS THE OTHER RISK FACTORS SET FORTH IN THE COMPANY'S FORM 10-K AND QUARTERLY REPORTS ON FORM 10-Q, FILED WITH THE SECURITIES AND EXCHANGE COMMISSION. THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENTS TO REFLECT SUBSEQUENT EVENTS
Company Contact: Kenneth Ohashi/Vice President, Investor & Media Relations (646) 452-1876 or kohashi@Aeropostale.com Media Contact: Leigh Parrish/Diane Zappas, FD (212) 850-5600SOURCE Aeropostale, Inc.
Source: PR Newswire
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