NEW YORK--(BUSINESS WIRE)--Jan. 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 January 3, 2004 increased 28.9% to $150.9
million, compared to $117.1 million for the five-week period ended
January 4, 2003. The company's comparable store sales increased 5.7%
for the month, versus the year-ago comparable store sales increase of
Year-to-date, total net sales have increased 32.8% to $699.5
million, compared to $526.9 million in the year-ago period.
Year-to-date, comparable store sales have increased 6.0%, compared to
6.7% in the year-ago period.
Julian R. Geiger, Chairman and Chief Executive Officer said, "We
were very pleased with the results of the Holiday sales period. Our
merchandising and promotional strategies were successful and we
believe that we are well-positioned for the transition to our spring
The Company also updated its guidance for the fourth quarter
today. The Company now expects to report fourth quarter diluted
earning per share of $0.66, slightly ahead of its previously issued
guidance and in line with the current First Call consensus earnings
To hear the Aeropostale prerecorded December sales message, please
dial (877) 519-4471 or (973) 341-3080, followed by the conference
identification number 3788345#.
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 460 stores in 41 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/Ken Ohashi, 888/363-2825
Integrated Corporate Relations, Inc.
James Palczynski/Chad A. Jacobs, 203/222-9013
SOURCE: Aeropostale, Inc.