UPDATE: Aeropostale (ARO) Reports In-Line Q2 EPS, Comps Down 8%, Offers Q3 Guidance
Aeropostale (NYSE: ARO) reported Q2 EPS of ($0.56), in-line with the analyst estimate of ($0.56). Revenue for the quarter came in at $326.9 million versus the consensus estimate of $336.06 million.
Comparable sales, including the e-commerce channel, for the second quarter of fiscal 2015 decreased 8%, compared to a decrease of 13% for the corresponding 13-week period ended August 2, 2014.
Third Quarter Guidance
For the third quarter of fiscal 2015, the Company expects operating losses in the range of $19.0 to $25.0 million, which translates to a net loss in the range of $0.30 to $0.38 per diluted share. The effective tax rate for the third quarter is projected to be approximately 4.0%. This outlook excludes the impact of any store impairments or accelerated store closing costs which may be identified, and consulting fees.
**Street sees Q3 EPS of ($0.31).
Mr. Geiger continued, "We are encouraged by our progress during the initial part of the Back-To-School season, especially the significant improvement in our girls business. Our third quarter outlook reflects a continuation of the momentum we have generated in the quarter-to-date period. This guidance indicates a significant reduction in operating loss versus last year."
For earnings history and earnings-related data on Aeropostale (ARO) click here.