Aeropostale (ARO) July adj.-Comps Fell 1% in July; Cuts Q2 EPS Outlook

Aeropostale, Inc. (NYSE: ARO), a mall-based specialty retailer of casual apparel for young women and men, today announced updated expectations for the second quarter.

For the second quarter of fiscal 2012, net sales increased 4% to $485.3 million, from $468.2 million in the year ago period. Comparable sales, including the e-commerce channel, for the second quarter were essentially flat, compared to a 12% decrease last year. Same store sales, excluding the e-commerce channel, for the second quarter decreased 1%, compared to a 14% decrease last year.

Based on lower than expected sales and margins for the quarter, the Company now expects second quarter earnings to be approximately $0.00 per diluted share, versus its previously issued guidance range of $0.03 to $0.05 per diluted share.

The Street was looking for EPS of $0.06.

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