Same Stores Sales Increase 6%
Raises Second Quarter Guidance
NEW YORK, Aug. 6 /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 1, 2009 increased 13% to $156.8 million, from $138.8 million for the
four-week period ended August 2, 2008. The Company's same store sales
increased 6% for the month, compared to a same store sales increase of 13% in
the year ago period. The Company noted that its results for the month reflect
the negative impact from a shift in tax-free shopping periods from July to
August in certain markets.
For the second quarter of fiscal 2009, total net sales increased 20% to
$453.0 million, from $377.1 million in the year ago period. Same store sales
for the second quarter increased 12%, compared to a same store sales increase
of 11% last year. Year to date, total net sales have increased 21% to $861.0
million, from $713.5 million in the year ago period. Year to date, same store
sales have increased 11%, compared to a same store sales increase of 10% last
The Company noted that its merchandise margins for the month increased
over last year, and that its inventories remain well controlled and on plan.
Second Quarter Guidance:
Based on the better than expected results for the month, the Company now
believes it will achieve net earnings in the range $0.54 to $0.55 per diluted
share, compared to its previously issued earnings guidance in the range of
$0.45 to $0.47 per share. The revised guidance includes pre-tax charges of
approximately $1.0 million, or $0.01 per diluted share, related to the closing
of the Jimmy'Z concept.
The Company achieved net earnings of $0.31 per share in the second quarter
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 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 maintains control over its
proprietary brands by designing, sourcing, marketing and selling all of its
own merchandise. Aeropostale 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 885 Aeropostale
stores in 49 states and Puerto Rico, 37 Aeropostale stores in Canada and 5
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.
SOURCE Aeropostale, Inc.
Vice President, Investor & Media Relations
or Leigh Parrish/Diane Zappas, FD
Web Site: http://www.aeropostale.com