Home / Knowledge / News / Apparel/Garments / Aeropostale Q4'FY13 sales trip down 16%
Aeropostale Q4'FY13 sales trip down 16%
14
Mar '14
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.
 
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. 
 
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.
 
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.  
 
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.
 
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.  
 
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.
 
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.
 
Click here to view full results.
 

Aeropostale


Must ReadView All

Courtesy: The White House

Textiles | On 21st May 2018

China, US put trade war on hold

Following weeks of uncertainty over imposition and counter-imposition ...

Equate posts best Q12018 results since inception

Textiles | On 21st May 2018

Equate posts best Q12018 results since inception

Equate Group's first quarter results for 2018 are the best since its...

Over 60% retailers already have IoT platforms: IDC

Apparel/Garments | On 21st May 2018

Over 60% retailers already have IoT platforms: IDC

Retail organisations are adopting IoT platforms and more than 60 per...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Top executives
Textile industry

Union budget 2018-19 will have positive impact on apparel industry

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search