Aeropostale (ARO) Reports Increase in March Same-Store Sales; Updates Q1 EPS Outlook

Aeropostale, Inc. (NYSE: ARO) announced that total net sales for the five-week period ended April 4, 2009 increased 13% to $160.5 million, from $141.8 million for the five-week period ended April 5, 2008.

The Company's same store sales increased 3% for the month, compared to a same store sales increase of 3% in the year ago period.

Based on the stronger than expected results for the month, the Company now expects first quarter earnings of approximately $0.32 per diluted share, which includes charges of approximately $3.0 million, or $0.03 per diluted share related to the closing of the Jimmy'Z concept. The revised guidance compares to previously issued earnings of $0.22 to $0.24 per diluted share, which had also included those same charges related to the Jimmy'Z closing. (Consensus is $0.27)

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