Home / Knowledge / News / Apparel/Garments / Aeropostale Chairman pleased with Q2 performance
Aeropostale Chairman pleased with Q2 performance
22
Aug '08
Aeropostale Inc, a mall-based specialty retailer of active and casual apparel for young women and men, reported results for the second quarter ended August 2, 2008.

Net income for the second quarter of fiscal 2008 increased 43% to a record $21.1 million, or $0.31 per diluted share, compared to net income of $14.7 million, or $0.19 per diluted share, in the second quarter of fiscal 2007.

For the second quarter of fiscal 2008, total net sales increased 21% to $377.1 million, from $311.2 million in the year-ago period. Same store sales for the second quarter increased 11%, compared to a decrease of 4% in the year-ago period.

Julian R. Geiger, Chairman and Chief Executive Officer said, "We are extremely pleased with our second quarter performance. The ongoing strength of our merchandise assortments and our team's consistent execution led to another record quarter.

Our back-to-school merchandise assortments have been positively received by our customers and we believe that we are well positioned as we head into the second half of the year. We remain focused on building on our strong momentum for the Aeropostale brand, while strategically investing in our business to support our long-term growth."

Third Quarter Guidance:
The Company announced its earnings guidance for the third quarter of fiscal 2008. The Company believes it will achieve earnings in the range $0.59 to $0.61 per diluted share for the third quarter. The Company achieved earnings of $0.48 per diluted share in the third quarter last year.

Board Appointment:
The Company also announced that Thomas P. Johnson, Executive Vice President, Chief Operating Officer of Aeropostale has been elected to the Company's Board of Directors, effective August 19, 2008.

Mr. Johnson has served as the Company's Chief Operating Officer since 2004 and has been with the Company since 2001. In addition to becoming a member of our Board, Mr. Johnson will continue in his role as the Company's Executive Vice President, Chief Operating Officer.

Aeropostale Inc

Must ReadView All

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Textiles | On 24th May 2017

Starlinger unveils FX 8.0 circular loom for fabric making

Starlinger, a leading supplier of machinery for woven plastic...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

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 ...

Eric Scholler
Groz-Beckert

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Tony Ward
Tony Ward

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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