Aeropostale Inc announced that total net sales for the four-week period ended November 25, 2006 increased 11.5% to $149.7 million, from $134.3 million for the four-week period ended November 26, 2005. The company's comparable store sales increased 1.0% for the month, versus a comparable store sales increase of 7.3% last year.
Fiscal year to date, total net sales have increased 16.9% to $1.056 billion, from $903.4 million in the year-ago period. Fiscal year to date, comparable store sales increased 1.7%, versus a comparable store sales increase of 0.9% last year.
Julian R. Geiger, Chairman and Chief Executive Officer said, “We are pleased with our performance for the month, and are particularly pleased with the significant improvement in our gross margins and average unit retails.
Over the important Friday and Saturday following Thanksgiving Day, we achieved a mid-single digits comparable store sales increase on top of the record 30% increase over the same period last year.”
The Company will be holding a conference call today at 11:00 A.M. EST to review its November sales and third quarter results. The broadcast will be available through the 'Investor Relations' link at www.aeropostale.com and at www.fulldisclosure.com.