Home / Knowledge / News / Apparel/Garments / Aeropostale sees record performance in Q1
Aeropostale sees record performance in Q1
23
May '08
Aeropostale Inc, a mall-based specialty retailer of active and casual apparel for young men and women, reported results for the first quarter ended May 3, 2008. Net income for the first quarter of fiscal 2008 was $17.5 million, or $0.26 per diluted share, compared to net income of $13.8 million, or $0.18 per diluted share, in the first quarter of fiscal 2007.

For the first quarter of fiscal 2008, total net sales increased 22% to $336.3 million, from $275.8 million in the year-ago period. Same store sales for the first quarter increased 10%, compared to an increase of 3% in the year-ago period.

Julian R. Geiger, Chairman and Chief Executive Officer said, "We are thrilled with our record first quarter performance and solid start to fiscal 2008. Our spring merchandise assortment was very well received and Aeropostale continues to gain brand preference among teen customers.

During the quarter we remained committed to striking the right balance between fashion and value, while appropriately managing our inventory levels. As we head into the second quarter and important back-to-school selling season, we believe we are well positioned to continue to capture additional market share."

Second Quarter Guidance:
The Company announced its earnings guidance for the second quarter of fiscal 2008. The Company believes it will achieve earnings in the range $0.22 to $0.24 per diluted share for the second quarter.

Julian R. Geiger, Chairmanand Chief Executive Officer concluded, "We are very pleased with the momentum that we are generating and the strength, vitality and transportability of the Aeropostale brand. We also continue to make progress with our growth initiatives, and we remain excited about the future opportunities to maximize our long-term profitability."

Aeropostale Inc

Must ReadView All

Information Technology | On 28th Mar 2017

Intex Consulting signs partnership with Kawan Era Baru

Germany based Intex Consulting GmbH has entered into a strategic...

Courtesy: Kraig Laboratories

Textiles | On 28th Mar 2017

Kraig gets certificate for silk production in Vietnam

Kraig Biocraft Laboratories, Inc., a leading biotechnology company...

Courtesy: Creora

Textiles | On 28th Mar 2017

Hyosung holds Creora workshops in China, HK & Taiwan

South Korean specialty fibre producer Hyosung held a series of...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Robert Brunner
Devereux

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search