Aeropostale posts 5% growth in sales
today Nov 4, 2010
NEW YORK, Nov 04, 2010 - Aeropostale, Inc. (NYSE: ARO), a mall-based specialty retailer of casual and active apparel for young women and men, announced that total net sales for the four-week period ended October 30, 2010 increased 5% to $146.1 million compared to $138.8 million for the four-week period ended October 31, 2009. The Company's same store sales decreased 2% for the month, compared to a same store sales increase of 3% in the year ago period.
Aeropostale opens a flagship retail store in Times Square, NYC on Thursday, October 21, 2010.
For the third quarter of fiscal 2010, total net sales increased 6% to $602.8 million, from $567.8 million in the year ago period. Same store sales for the third quarter were essentially flat, compared to a same store sales increase of 10% last year. Year to date, total net sales have increased 9% to $1.561 billion, from $1.429 billion in the year ago period. Year to date, same store sales have increased 3%, compared to a same store sales increase of 11% last year.
The Company also reiterated the midpoint of its previously issued third quarter guidance. The Company expects net earnings of approximately $0.62 per diluted share, which includes a previously disclosed after-tax charge of approximately $3.9 million, or $0.04 per share, resulting from the related third quarter retirement plan payment to its Chairman and former Chief Executive Officer.
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