Aeropostale provides Q1 & full year guidance for 2008

14 Mar '08

3 min read

Aeropostale Inc, a mall-based specialty retailer of active and casual apparel for young men and women, reported results for the fourth quarter (fourth quarter of fiscal 2007 consisted of 13 weeks compared to fourth quarter of fiscal 2006 which consisted of 14 weeks) and fiscal year ended February 2, 2008 (fiscal 2007 consisted of 52 weeks compared to fiscal 2006 which consisted of 53 weeks).

Julian R. Geiger, Chairman and Chief Executive Officer said, "We are very pleased with our performance in the fourth quarter and with our strong finish to the year. Our consistency throughout the year helped drive our record financial performance in fiscal 2007.

A balanced merchandise assortment, combined with a focus on maintaining the right promotional cadence, enabled us to improve our merchandise margins significantly. Additionally, we successfully executed our key growth initiatives, including improving our planning process and strengthening our management team."

Fourth Quarter Performance:
Total net sales for the fourth quarter of fiscal 2007 increased 16.7% to $591.3 million, from $506.8 million for the fourth quarter of fiscal 2006. Same store sales for the fourth quarter of fiscal 2007 increased 9.2%, compared to the corresponding 13-week period last year.

Total net sales for the fourth quarter of fiscal 2007 included initial gift-card breakage estimates, as a result of the Company relieving its legal obligation to escheat unredeemed gift-cards. This estimate was not included in the Company's previously reported net sales for the fourth quarter of fiscal 2007.

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