Aeropostale (ARO) Reports December Same-Store Sales; Guides for Q4 Earnings
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Financial Fact:
Interest expense, net: 4.04M
Today's EPS Names:
EDXC, BICX, FBPI, More
Financial Fact:
Interest expense, net: 4.04M
Today's EPS Names:
EDXC, BICX, FBPI, More
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Aeropostale, Inc. (NYSE: ARO) announced that total net sales for the five-week period ended December 30, 2006 increased 12.6% to $266.7 million, from $236.8 million for the five-week period ended December 31, 2005.
The company's comparable store sales increased 1.7% for the month, on top of a comparable store sales increase of 11.4% last year.
The company also updated its earnings guidance for the fourth quarter. The company now believes it will report fourth quarter earnings in the range of $0.98 - $1.00 per diluted share, which includes approximately $6.5 million (net of professional fees) or $0.07 per diluted share, representing a concession by South Bay Apparel, Inc. to the company concerning prior purchases of merchandise. Excluding this vendor concession, the company expects fourth quarter earnings in the range of $0.91 - $0.93 per diluted share, compared to its previously issued guidance of $0.89 - $0.91 per diluted share. (Current Q4 EPS consensus is $0.91)
The company's comparable store sales increased 1.7% for the month, on top of a comparable store sales increase of 11.4% last year.
The company also updated its earnings guidance for the fourth quarter. The company now believes it will report fourth quarter earnings in the range of $0.98 - $1.00 per diluted share, which includes approximately $6.5 million (net of professional fees) or $0.07 per diluted share, representing a concession by South Bay Apparel, Inc. to the company concerning prior purchases of merchandise. Excluding this vendor concession, the company expects fourth quarter earnings in the range of $0.91 - $0.93 per diluted share, compared to its previously issued guidance of $0.89 - $0.91 per diluted share. (Current Q4 EPS consensus is $0.91)
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