Aeropostale (ARO) Comps Down 8%; Cuts Q4 EPS Guidance

January 10, 2013 8:03 AM EST
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Aeropostale, Inc. (NYSE: ARO) said comparable sales, including the e-commerce channel, for the nine-week period ended December 29, 2012 decreased 8% compared to a 9% decrease last year. Comparable store sales, excluding the e-commerce channel, decreased 9%, compared to a 10% decrease last year.

Based on the lower than expected sales and margins for the quarter, the Company expects net earnings to be in the range of approximately $0.20 to $0.24 per diluted share, versus its previously issued guidance of approximately $0.36 to $0.41 per diluted share. The revised earnings guidance does not include the impact of any potential store asset impairment charges. The consensus is $0.40.

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