Aeropostale (ARO) Disheveled as Q4 Comps, Q1 Outlook Flop

March 8, 2012 6:16 PM EST
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Aeropostale (NYSE: ARO) shares trading lower in the late-Thursday session following its fourth-quarter results and outlook, issued after the market closed.

Sales at the mall-based, specialty retailer fell 3.7 percent from $839.33 million in the same period last year to $808.38 million. Net income in the period fell 68.9 million to $26.10 million, or 32 cents per share. Excluding one-times items, Aeropostale EPS came in at a more robust 44 cents per share.

The Street was looking for revs of $804.6 million and EPS of 38 cents.

Comparable-store sales plummeted 9 percent for the quarter. In the same period last year, comps dipped just 3 percent.

"I am very proud of the speed, diligence and tenacity of our entire team in addressing our business challenges," commented CEO Tom Johnson. "While our overall financial performance for the year was disappointing, we believe 2011 was a pivotal inflection point for our organization."

Revs from Aeropostale's e-Commerce business rose 8 percent to $83.2 million.

Looking ahead, Aeropostale sees first-quarter EPS of 8 cents to 10 cents, versus 12 cents expected on the Street.

Aeropostale shares last traded at $18.30, down about 3.5 percent from Wednesday's closing price.

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