Aeropostale (ARO) Comps Up 11% for January 2010; Raises Q409 EPS Guidance

Aeropostale, Inc. (NYSE: ARO) today announced that total net sales for the four-week period ended January 31, 2009 increased 13% to $96.6 million, from $85.6 million for the four-week period ended February 2, 2008. Total net sales for the four-week period ended February 2, 2008 included initial gift-card breakage estimate benefit of approximately $7.7 million. The Company's same store sales increased 11% for the month, compared to a same store sales increase of 5% in the year ago period.

Total net sales for the fourth quarter ended January 31, 2009 increased 17% to $690.1 million, from $591.3 million for the fourth quarter ended February 2, 2008. Same store sales for the fourth quarter increased 6%, compared to a same store sales increase of 9% in the year ago period.

Total net sales for the fiscal year ended January 31, 2009 increased 19% to $1.886 billion, from $1.591 billion in the year ago period. Same store sales for fiscal 2008 increased 8%, compared to a same store sales increase of 3% in the year ago period.

Based upon the stronger than expected results for the month, as well as lower than anticipated year end physical inventory losses, the Company now expects fourth quarter earnings of approximately $1.00 per diluted share, versus its previously issued guidance of $0.90 to $0.92 per diluted share.

You May Also Be Interested In

• Freightos Limited (CRGO) Tops Q2 EPS by 3c ; Offers Guidance
• Eton Pharmaceuticals Inc. (ETON) Tops Q2 EPS by 28c, Raises Guidance
• KinderCare Learning Companies, Inc. (KLC) Misses Q2 EPS by 2c; Offers Guidance