Aeropostale, Inc., a mall-based specialty retailer of casual apparel for young women and men, reported results for the fourth quarter (fourth quarter of fiscal 2013 consisted of 13 weeks compared to fourth quarter of fiscal 2012 which consisted of 14 weeks) and fiscal year ended February 1, 2014 (fiscal 2013 consisted of 52 weeks compared to fiscal 2012 which consisted of 53 weeks). The Company also provided guidance for the first quarter of fiscal 2014.
Aeropostale, Inc., a mall-based specialty retailer of casual apparel for young women and men, reported results for the fourth quarter #
Fourth Quarter Performance
For the fourth quarter of fiscal 2013, net sales decreased 16% to $670.0 million, from $797.7 million in the year ago period. Fourth quarter comparable sales, including the e-commerce channel, decreased 15%, compared to a decrease of 8% for the corresponding period of the prior year.
Aeropostale, Inc., a mall-based specialty retailer of casual apparel for young women and men, reported results for the fourth quarter #
Net revenue from the Company's e-commerce business for the fourth quarter of fiscal 2013, including net revenues from the GoJane.com business, which was acquired on November 13, 2012, decreased 12% to $85.6 million, from $96.8 million in the year ago period.
Aeropostale, Inc., a mall-based specialty retailer of casual apparel for young women and men, reported results for the fourth quarter #
The Company reported a net loss for the fourth quarter of fiscal 2013 of $70.3 million, or $0.90 per diluted share, which included an after-tax charge of $21.3 million, or $0.27 per diluted share, resulting from store asset impairment charges, an after-tax charge of $20.0 million, or $0.25 per share for the establishment of reserves against deferred tax assets, and a charge of $2.0 million, or $0.03 per diluted share, resulting from the settlement of litigation matters.
Aeropostale, Inc., a mall-based specialty retailer of casual apparel for young women and men, reported results for the fourth quarter #
The Company reported a net loss of $0.7 million, or $0.01 per diluted share, for the fourth quarter of 2012, which included an after-tax charge of $19.7 million, or $0.25 per diluted share, resulting from store asset impairment charges.
Aeropostale, Inc., a mall-based specialty retailer of casual apparel for young women and men, reported results for the fourth quarter #
Excluding the aforementioned charges, the Company reported an adjusted net loss of $27.1 million, or $0.35 per diluted share in the fourth quarter of fiscal 2013. This compares to the Company's previously issued guidance of a net loss of $0.24 to $0.32 per diluted share, which did not include the aforementioned charges.
Aeropostale, Inc., a mall-based specialty retailer of casual apparel for young women and men, reported results for the fourth quarter #
Excluding store asset impairment charges, the Company reported adjusted net income of $19.1 million, or $0.24 per diluted share, for the fourth quarter of 2012.
Aeropostale, Inc., a mall-based specialty retailer of casual apparel for young women and men, reported results for the fourth quarter #
The Company opened 5 Aeropostale and 3 P.S. from Aeropostale stores, and closed 32 Aeropostale stores during the quarter. For the fourth quarter, the Company invested $16.1 million in planned capital expenditures.
Aeropostale, Inc., a mall-based specialty retailer of casual apparel for young women and men, reported results for the fourth quarter #
Aeropostale, Inc., a mall-based specialty retailer of casual apparel for young women and men, reported results for the fourth quarter #
Aeropostale