Aeropostale same store sales up 8.4%

04 May '06

2 min read

Aeropostale Inc, a mall-based specialty retailer of casual and active apparel for young women and men, today announced that total net sales for the four-week period ended April 29, 2006 increased 28.4% to $83.6 million, compared to $65.1 million for the four-week period ended April 30, 2005.

The company's comparable store sales increased 8.4% for the month, versus a comparable store sales decrease of 5.7% in the year ago period.

For the first quarter of Fiscal 2006, total net sales have increased 16.4% to $246.3 million, compared to $211.7 million in the year-ago period. Comparable store sales for the first quarter decreased 2.9%, versus a comparable store sales increase of 4.4% in the year-ago period.

Julian R. Geiger, Chairman and Chief Executive Officer said, "During April we benefited from the shift in Easter and from our stated intention of raising average unit retails and gross margin percent from last year. Despite slightly lower sales for the quarter than we had anticipated, we continue to be pleased with the direction of our merchandise assortment and brand building efforts."

"The first quarter represented one of progress on the execution of our strategic initiatives and we are now focused on maximizing our sales and gross margin opportunities in the months ahead."

The company also updated its earnings guidance for the first quarter today. The company expects first quarter earnings in the low to midpoint of its previously issued guidance range of $0.14 - $0.16 per share.

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