Aeropostale (ARO) Disheveled as Q4 Comps, Q1 Outlook Flop
Tweet Send to a Friend
Get Alerts ARO Hot Sheet
Price: $13.75 -1.01%
Revenue Growth %: -9.0%
Financial Fact:
Weighted average basic shares: 78.37M
Today's EPS Names:
CEDU, CHC, CIDM, More
Revenue Growth %: -9.0%
Financial Fact:
Weighted average basic shares: 78.37M
Today's EPS Names:
CEDU, CHC, CIDM, More
Trade ARO Now!
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.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Oppenheimer Downgrades Aeropostale, Inc. (ARO) to Perform
- Actavis (ACT), Kissei Pharma Sue Sandoz, Hetero Over Rapaflo Patent
- Factset Research Systems (FDS) Reports In-Line Q3 EPS; Guides Q4 EPS, Revs
Create E-mail Alert Related Categories
Corporate News, Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
