Mizuho Securities Cuts Price Target on Aeropostale (ARO) following 2Q15
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Aeropostale Reports Results for Second Quarter of Fiscal 2015
August 27, 2015 4:01 PM EDTNEW YORK, Aug. 27, 2015 /PRNewswire/ --Â Aeropostale, Inc. (NYSE: ARO), a mall-based specialty retailer of casual apparel for young women and men, today reported results for the second quarter of fiscal 2015, and provided guidance for the third quarter of fiscal 2015.
Second Quarter PerformanceFor the second quarter of fiscal 2015, net sales decreased 17% to $326.9 million, from $396.2 million in the year ago period. 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.
The Company... More
