Aeropostale (ARO) Announces 5% Decrease in Comps for April; Raises Q1 EPS Outlook

Aeropostale, Inc. (NYSE: ARO) today announced that total net sales for the four-week period ended May 1, 2010 were $137.2 million compared to $137.7 million for the four-week period ended May 2, 2009. The Company's same store sales decreased 5% for the month, compared to a same store sales increase of 20% in the year ago period.

For the first quarter of fiscal 2010, total net sales have increased 14% to $463.6 million, from $408.0 million in the year-ago period. Same store sales for the first quarter increased 8%, compared to a same store sales increase of 11% last year.

The Company noted that its results for the month include a negative impact due to the Easter calendar shift. The Company also stated that its merchandise margins for the month increased significantly over last year, and inventories remain well controlled and on plan.

Based on the stronger than expected results for the month, the Company now expects first quarter earnings of approximately $0.46 per diluted share, compared to its previously issued guidance of $0.44 per share. The revised guidance represents an increase of approximately 48% versus earnings of $0.31 per share last year.

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