Home / Knowledge / News / Apparel/Garments / Mall-based retailer Aeropostale raises Q4 guidance
Mall-based retailer Aeropostale raises Q4 guidance
11
Jan '08
Aeropostale Inc, a mall-based specialty retailer of casual and active apparel for young women and men, announced that total net sales for the five-week period ended January 5, 2008 increased 17.5% to a record $313.5 million, from $266.7 million for the five-week period December 30, 2006.

Due to the 53rd week in fiscal 2006, same stores for the month are compared to the five-week period ended January 6, 2007. On this basis, same store sales increased 12.2%.

Year-to-date, total net sales increased 13.8% to a record $1.505 billion, from $1.323 billion for the same period last year. Year-to-date, same store sales increased 3.2% compared to the corresponding period ended January 6, 2007.

Julian R. Geiger, Chairman and Chief Executive Officer, said "We are thrilled with our performance for both the month of December and the entire holiday selling season. We received an excellent response from our customers in each of our merchandise categories.

We are very pleased to have had significant increases in comparable store sales, improvements in merchandise margins, and reductions in clearance inventories compared to last year. We remain excited about our opportunities in the spring season as we acknowledge the momentum of our business, the power of our promotions and the positioning of our brand."

Fourth Quarter Guidance:
The Company now expects to achieve fourth quarter earnings of approximately $0.91 per diluted share, including approximately $4.1 million of other income or $0.04 per diluted share relating to the settlement of disputes with a former officer of the company. Excluding the settlement, the company expects fourth quarter earnings of approximately $0.87 per share, versus its previously issued guidance of $0.82 to $0.84 per share.

The Company believes that the disclosure of same store sales on a pro-forma basis due to the 53rd week in fiscal 2006, which is a non-GAAP financial measure, provides investors useful information to help them better understand the company's expected results.

Aeropostale Inc

Must ReadView All

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Courtesy: IRRC Institute

Apparel/Garments | On 27th May 2017

Up to 7.5 mn retail jobs in US at risk due to automation

About 6-7.5 million retail jobs in the US are likely to be automated...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Rupa Sood and Sharan Apparao
Nayaab

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search