Aeropostale (ARO) Reports Decrease in April Same-Store Sales, Increases Q1 EPS Guidance

Aeropostale, Inc. (NYSE: ARO) announced that total net sales for the four-week period ended May 5, 2007 decreased 9.8% to $75.4 million, from $83.6 million for the four-week period ended April 29, 2006. Same store sales for the month decreased 14.0%, compared to the corresponding four-week period ended May 6, 2006.

For the first quarter of fiscal 2007, total net sales have increased 12.0% to $275.8 million, from $246.3 million in the year-ago period. (Consensus is $285.99 million)

Based on the positive trend in gross margins for the month, the company updated guidance for the first quarter of fiscal 2007. The company now expects net earnings in the range of $0.24-$0.25 per diluted share, versus its previously issued guidance of $0.22-$0.23 per diluted share. This compares to net earnings of $0.15 per diluted share in the first quarter last year. (Consensus is $0.23)

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