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Aeropostale profit jumps in Q4
12 Mar '10
4 min read
Strong Cash Positioning
The Company ended fiscal 2009 with cash and cash equivalents of $347.0 million, compared to $228.5 million last year, and had no debt outstanding.
Store Growth and Capital Spending
The Company plans approximately $80.0 million in capital expenditures for fiscal 2010 to open approximately 25 Aeropostale stores, approximately 25-30 P.S. from Aeropostale stores, and approximately 40 store remodels, in addition to certain information technology investments. This compares to capital expenditures of approximately $54.0 million in fiscal 2009.
The Company ended fiscal 2009 with cash and cash equivalents of $347.0 million, compared to $228.5 million last year, and had no debt outstanding.
Store Growth and Capital Spending
The Company plans approximately $80.0 million in capital expenditures for fiscal 2010 to open approximately 25 Aeropostale stores, approximately 25-30 P.S. from Aeropostale stores, and approximately 40 store remodels, in addition to certain information technology investments. This compares to capital expenditures of approximately $54.0 million in fiscal 2009.
Aeropostale Inc
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