NEW YORK, Aug 05, 2010 /PRNewswire via COMTEX/ --
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 July 31, 2010 increased 6% to $166.7 million compared to $156.8 million for the four-week period ended August 1, 2009. The Company's same store sales increased 1% for the month, compared to a same store sales increase of 6% in the year ago period.
For the second quarter of fiscal 2010, total net sales increased 9% to $495.1 million, from $453.0 million in the year ago period. Same store sales for the second quarter increased 4%, compared to a same store sales increase of 12% last year. Year to date, total net sales have increased 11% to $958.7 million, from $861.0 million in the year ago period. Year to date, same store sales have increased 5%, compared to a same store sales increase of 11% last year.
Second Quarter Guidance:
The Company now expects net earnings of $0.45 to $0.46 per share, versus $0.38 per share last year, due primarily to the challenging retail environment, in addition to a change in consumer shopping behaviors. This updated guidance is within its previously issued guidance of $0.45 to $0.48 per share.
To hear the Aeropostale prerecorded July 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(R) 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(R) products can be purchased in P.S. from Aeropostale(R) stores and online at www.ps4u.com. The Company currently operates 902 Aeropostale stores in 49 states and Puerto Rico, 46 Aeropostale stores in Canada and 35 P.S. from Aeropostale stores in 12 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
Kenneth Ohashi/Vice President, Investor
& Media Relations (646) 452-1876 or
Leigh Parrish/Melissa Kahaly, FD
SOURCE Aeropostale, Inc.