NEW YORK--(BUSINESS WIRE)--April 7, 2004--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 3, 2004 increased 44.6% to $67.4 million,
compared to $46.5 million for the five-week period ended April 5,
2004. The company's comparable store sales increased 14.2% for the
month, versus a comparable store sales increase of 0.1% in the year
Julian R. Geiger, Chairman and Chief Executive Officer said, "We
were very pleased with our performance during the month. Our March
results were a continuation of the trends we experienced in January
and February, and are indicative of the strength and acceptance of our
The company also increased its guidance for the first quarter
today. The company now believes it will report first quarter earnings
per fully diluted share of $0.11 versus its previously issued guidance
of $0.09 per fully diluted share.
In a separate release today, the company also announced that
Thomas Johnson, Senior Vice President, Director of Stores and
Marketing, has been promoted to Executive Vice President and Chief
Operating Officer. Mr. Johnson will assume most of the
responsibilities of John Mills, who will be retiring on July 31, 2004.
In addition, Michael Cunningham, Chief Financial Officer, has been
promoted to Executive Vice President, and will assume the remainder of
the responsibilities associated with Mr. Mills' departure.
To hear the Aeropostale prerecorded March sales message, please
dial (877) 519-4471 or (973) 341-3080, followed by the conference
identification number 4497112#.
About Aeropostale, Inc.
Aeropostale, Inc. (www.aeropostale.com) is a mall-based specialty
retailer of casual apparel and accessories that targets both young
women and young men aged 11 to 20. The company provides customers with
a selection of high-quality, active-oriented, fashion basic
merchandise in a high-energy store environment. The company maintains
complete control over the proprietary brand by designing and sourcing
all of its own merchandise. Aeropostale products can be purchased only
in its stores, which sell Aeropostale merchandise exclusively.
The first Aeropostale store was opened in 1987. The company
currently operates 469 stores in 42 states.
Special Note: Safe Harbor Statement Under the Private Securities
Litigation Reform Act of 1995: Except for historical information
contained herein, the statements made in this release constitute
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act
of 1934. Such forward-looking statements involve certain risks and
uncertainties, including statements regarding the company's strategic
direction, prospects and future results. Certain factors, including
factors outside of our control, may cause actual results to differ
materially from those contained in the forward-looking statements.
These factors include the company's ability to implement its growth
strategy successfully, changes in consumer fashion preferences,
economic and other conditions in the markets in which we operate,
competition, seasonality and the other risks discussed in the
company's prospectus dated July 28, 2003 filed with the Securities and
Exchange Commission, which discussions are incorporated in this
release by reference.
CONTACT: Aeropostale, Inc.
Michael Cunningham or Ken Ohashi, 888-363-2825
Integrated Corporate Relations, Inc.
James Palczynski or Chad A. Jacobs, 203-222-9013
SOURCE: Aeropostale, Inc.