NEW YORK, Jun 06, 2007 (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 June 2, 2007
increased 19.3% to $88.1 million, from $73.9 million for the four-week
period ended May 27, 2006. Same store sales for the month increased
1.9%, compared to the corresponding four-week period ended June 3,
2006.
Year-to-date, total net sales increased 13.7% to $363.9 million,
from $320.2 million in the year-ago period. Year-to-date, same store
sales increased 2.4%, compared to the corresponding period ended June
3, 2006.
Julian R. Geiger, Chairman and Chief Executive Officer said,
"During the month we controlled our promotional cadence and level of
inventory, resulting in gross margin increases over last year. We
continue to execute at a high-level during this transitional selling
period and we believe we are well positioned to maximize sales and
margin opportunities during the upcoming back to school selling
season."
The company believes that the disclosure of sales on a pro-forma
basis due to the 53rd week in fiscal 2006, which is a non-GAAP
financial measure, provides investors useful information to help them
better understand the company's expected results.
To hear the Aeropostale prerecorded May sales message, please dial
(877) 262-1073, followed by the conference identification number
#3444053.
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. 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 762 Aeropostale stores in 47 states
and 14 Jimmy'Z stores in 11 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 OR
CIRCUMSTANCES.
SOURCE: Aeropostale, Inc.
Aeropostale, Inc.
Kenneth Ohashi, 646-452-1876
VP, Investor & Media Relations
kohashi@aeropostale.com
or
Media:
Financial Dynamics
Cara O'Brien or Leigh Parrish, 212-850-5600