Aeropostale (ARO) Reports July Same-Store Sales and Q2 Revenues, Comments on Q2 Earnings

Aeropostale, Inc. (NYSE: ARO) announced that total net sales for the four-week period ended August 4, 2007 increased 17.7% to $111.7 million, from $94.9 million for the four-week period ended July 29, 2006. Same store sales for the month decreased 11.9%, compared to the corresponding four-week period ended August 5, 2006.

For the second quarter of fiscal 2007, total net sales increased 13.3% to $311.2 million, from $274.6 million in the second quarter of fiscal 2006. For the second quarter, same store sales decreased 4.1%, compared to the corresponding period ended August 5, 2006. (Consensus is $325.52 million)

Julian R. Geiger, Chairman and Chief Executive Officer said, "Our sales results for the month reflect the negative impact from a shift in the back to school calendar in certain markets that we had previously discussed, as well as a more challenging overall retail environment than we had anticipated. While our sales for July were below our initial plan, we were able to continue to manage our promotional cadence and inventory levels during the month. As such, we expect to achieve second quarter earnings in the range of $0.27 - $0.28 per diluted share, slightly ahead of our previously issued guidance." (Consensus is $0.28)

You May Also Be Interested In

• BJ's Wholesale Club (BJ) Tops Q2 EPS by 19c, Beats on Revenue; Offers FY27 EPS Guidance
• Opera Limited (OPRA) Misses Q2 EPS by 1c ; Offers Guidance
• ATRenew Inc (RERE) Tops Q2 EPS by 8c ; Offers Guidance