NEW YORK--(BUSINESS WIRE)--Jan. 8, 2003--Aeropostale, Inc. (NYSE:
ARO), a mall-based specialty retailer of casual and active apparel to
young women and men, today announced that total net sales for the
five-week period ended January 4, 2003 increased 29.2% to $117.1
million, compared to $90.6 million for the five weeks ended January 5,
The Company experienced a December comparable store sales increase
of 0.3% versus the year-ago comparable store sales increase of 29.3%.
Julian R. Geiger, Chairman and CEO said, "We are pleased with our
holiday sales performance particularly given the challenging retail
environment and difficult comparisons from a year ago. Our merchandise
margins continue to track within our expectations and we remain
comfortable with our previously issued earnings guidance of $0.38 to
$0.40 per diluted share for the fourth quarter."
Fiscal year to date, total sales have increased 36.2% to $526.9
million, compared to $386.9 million in the year-ago period. Year to
date comparable store sales have increased 6.7%.
To hear the Aeropostale prerecorded December sales message, please
dial (877) 289-8525 or (416) 640-1917, followed by the conference
identification number 199951.
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 368 stores in 35 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 May 16, 2002 filed with the Securities and
Exchange Commission, which discussions are incorporated in this
release by reference.
Michael Cunningham, 973/872-5677
Integrated Corporate Relations, Inc.
James Palczynski or Chad A. Jacobs, 203/222-9013