Aeropostale Reports Record October Sales Results; Same Store Sales Increase 3%; Raises Third Quarter Earnings Guidance to $0.90
November 05 2009 - 8:06AM
PR Newswire (US)
NEW YORK, Nov. 5 /PRNewswire-FirstCall/ -- Aeropostale, Inc.
(NYSE:ARO), a mall-based specialty retailer of casual and active
apparel for young women and men, today announced that total net
sales for the four-week period ended October 31, 2009 increased 9%
to $138.8 million, from $127.4 million for the four-week period
ended November 1, 2008. The Company's same store sales increased 3%
for the month, compared to a same store sales increase of 1% in the
year ago period. For the third quarter of fiscal 2009, total net
sales increased 18% to $567.8 million, from $482.0 million in the
year ago period. Same store sales for the third quarter increased
10%, compared to a same store sales increase of 7% last year. Year
to date, total net sales have increased 20% to $1.429 billion, from
$1.195 billion in the year ago period. Year to date, same store
sales have increased 11%, compared to a same store sales increase
of 9% last year. The Company stated that it made a seamless
transition into its holiday floor set, while managing its back to
school clearance inventories. The Company also noted that its
merchandise margins increased significantly over last year, and its
inventories remain well controlled and on plan. Third Quarter
Guidance: Based on the better than expected results for the month,
the Company now believes it will achieve net earnings in the range
$0.90 to $0.91 per diluted share, compared to its previously issued
earnings guidance in the range of $0.84 to $0.85 per share. The
revised guidance compares to earnings of $0.63 per share in the
third quarter last year, representing an increase of 43% to 44%. To
hear the Aeropostale prerecorded October sales message, please dial
(866) 644-7738 or (585) 267-8033. About Aeropostale, Inc.
Aeropostale, Inc. is a mall-based, specialty retailer of casual
apparel and accessories, principally targeting 14 to 17 year-old
young women and men through its Aeropostale® stores and 7 to 12
year-old kids through its P.S. from Aeropostale(TM) stores. The
Company provides customers with a focused selection of
high-quality, active-oriented, fashion and fashion basic
merchandise at compelling values. Aeropostale® maintains control
over its proprietary brands by designing, sourcing, marketing and
selling all of its own merchandise. Aeropostale® products can only
be purchased in its Aeropostale stores and online at
http://www.aeropostale.com/. P.S. from Aeropostale(TM) products can
be purchased in P.S. from Aeropostale(TM) stores and online at
http://www.ps4u.com/. The Company currently operates 894
Aeropostale stores in 49 states and Puerto Rico, 40 Aeropostale
stores in Canada and 11 P.S. from Aeropostale stores in 4 states.
SPECIAL NOTE: THIS PRESS RELEASE AND ORAL STATEMENTS MADE FROM TIME
TO TIME BY REPRESENTATIVES OF THE COMPANY CONTAIN CERTAIN
"FORWARD-LOOKING STATEMENTS" CONCERNING EXPECTATIONS FOR SALES,
STORE OPENINGS, GROSS MARGINS, EXPENSES, STRATEGIC DIRECTION AND
EARNINGS. ACTUAL RESULTS MIGHT DIFFER MATERIALLY FROM THOSE
PROJECTED IN THE FORWARD-LOOKING STATEMENTS. AMONG THE FACTORS THAT
COULD CAUSE ACTUAL RESULTS TO MATERIALLY DIFFER INCLUDE, CHANGES IN
THE COMPETITIVE MARKETPLACE, INCLUDING THE INTRODUCTION OF NEW
PRODUCTS OR PRICING CHANGES BY OUR COMPETITORS, CHANGES IN THE
ECONOMY AND OTHER EVENTS LEADING TO A REDUCTION IN DISCRETIONARY
CONSUMER SPENDING; SEASONALITY; RISKS ASSOCIATED WITH CHANGES IN
SOCIAL, POLITICAL, ECONOMIC AND OTHER CONDITIONS AND THE POSSIBLE
ADVERSE IMPACT OF CHANGES IN IMPORT RESTRICTIONS; RISKS ASSOCIATED
WITH UNCERTAINTY RELATING TO THE COMPANY'S ABILITY TO IMPLEMENT ITS
GROWTH STRATEGIES, AS WELL AS THE OTHER RISK FACTORS SET FORTH IN
THE COMPANY'S FORM 10-K AND QUARTERLY REPORTS ON FORM 10-Q, FILED
WITH THE SECURITIES AND EXCHANGE COMMISSION. THE COMPANY UNDERTAKES
NO OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENTS TO
REFLECT SUBSEQUENT EVENTS Company Contact: Kenneth Ohashi/Vice
President, Investor & Media Relations (646) 452-1876 or Media
Contact: Leigh Parrish/Diane Zappas, FD (212) 850-5600 DATASOURCE:
Aeropostale, Inc. CONTACT: Kenneth Ohashi, Vice President, Investor
& Media Relations of Aeropostale, Inc., +1-646-452-1876, ; or
Media: Leigh Parrish or Diane Zappas, both of FD, +1-212-850-5600,
for Aeropostale, Inc. Web Site: http://www.aeropostale.com/
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