Aeropostale, Inc. (ARO) Post Smaller Q1 Loss; Sales Miss Views

Aeropostale, Inc. (NYSE: ARO) reported Q1 EPS of ($0.52), $0.20 better than the analyst estimate of ($0.72). Revenue for the quarter came in at $395.9 million versus the consensus estimate of $410.04 million. Comparable sales, including the e-commerce channel, for the first quarter decreased 13%, compared to a decrease of 14% for the corresponding 13-week period ended May 4, 2013.

Thomas P. Johnson, Chief Executive Officer, commented, "As other retailers experienced, the macroeconomic environment was challenging during the first quarter with aggressive promotions, lower mall traffic, and unseasonable weather. While our overall results were disappointing, we were able to exceed guidance and end the quarter with inventories well-controlled. Additionally, at the close of the quarter, we took additional actions to build on our turnaround efforts from the past year, restructuring our P.S. from Aeropostale business and expanding our expense savings program. We remain focused on strengthening our company operationally and financially as we continue to implement our strategies to reposition the Aeropostale brand."

Aeropostale, Inc. sees Q2 2014 EPS of ($0.55)-($0.61), versus the consensus of ($0.50). Mr. Johnson continued, "As we move through the remainder of the year, our organization continues to work diligently to execute our initiatives designed to transform the Aeropostale brand and develop our future growth drivers. Our comprehensive cost reduction program, and the continued execution of our merchandising, marketing, and operational strategies are setting the path to succeed in today's retail market."

For earnings history and earnings-related data on Aeropostale, Inc. (ARO) click here.

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