Home / Knowledge / News / Apparel/Garments / Net sales up by 21% at clothing retailer Aeropostale
Net sales up by 21% at clothing retailer Aeropostale
22
May '09
Aeropostale Inc, a mall-based specialty retailer of casual apparel for young women and men, reported results for the first quarter ended May 2, 2009.

Net income for the first quarter of fiscal 2009 was $31.7 million, or $0.47 per diluted share, compared to net income of $17.5 million, or $0.26 per diluted share, in the first quarter of fiscal 2008. Results for the first quarter include pre-tax charges of approximately $2.7 million, or $0.02 per diluted share, related to the closing of the Company's Jimmy'Z concept.

For the first quarter of fiscal 2009, total net sales increased 21% to $408.0 million, from $336.3 million in the year-ago period. Same store sales for the first quarter increased 11%, compared to an increase of 10% in the year-ago period.

Total net revenue from the Company's e-commerce business for the first quarter of fiscal 2009 increased 74% to $16.7 million, from $9.6 million for the first quarter of fiscal 2008.

Julian R. Geiger, Chairman and Chief Executive Officer, said, "The last three months, like the ten consecutive quarters that preceded it, was a period of record sales and record earnings for Aeropostale. We all know these results are extraordinary given the macro-economic climate in which we are operating. Clearly, we are proud of our organization's determination to succeed and its dedication to the principles that have made Aeropostale a destination lifestyle brand."

Second Quarter Guidance:
The Company announced its earnings guidance for the second quarter of fiscal 2009. The Company believes it will achieve earnings in the range $0.43 to $0.45 per diluted share for the second quarter, compared to earnings of $0.31 per share in the second quarter last year. This guidance includes pre-tax charges of approximately $3.0 million, or $0.03 per diluted share, related to the closing of the Jimmy'Z concept.

Julian R. Geiger, Chairman and Chief Executive Officer, concluded, "It is exciting to see that a new generation of teen customers has identified Aeropostale as one of their top brands of choice and has embraced it as its own. We are fully committed to maintaining and building this leadership position by listening to, and respecting, our customers every day."

Aeropostale Inc

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Silke Brand-Kirsch
Schlegel und Partner

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

Kevin Nelson
TissueGen

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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