Home / Knowledge / News / Apparel/Garments / Casual apparel retailer Aeropostale raises Q4 guidance

Casual apparel retailer Aeropostale raises Q4 guidance

Jan '07
Aeropostale Inc announced that total net sales for the five-week period ended December 30, 2006 increased 12.6% to $266.7 million, from $236.8 million for the five-week period ended December 31, 2005. The company's comparable store sales increased 1.7% for the month, on top of a comparable store sales increase of 11.4% last year.

Fiscal year to date, total net sales have increased 16.0% to $1.323 billion, from $1.140 billion in the year-ago period. Fiscal year to date, comparable store sales increased 1.7%, on top of a comparable store sales increase of 3.0% last year.

Julian R. Geiger, Chairman and Chief Executive Officer said, "We are very pleased with our overall performance for December, which reflects the strong execution of our merchandising initiatives, the control of our promotional cadence and our investment in brand building. Our gross margins for the month were in line with our plan, and we ended the month with appropriate levels of inventory. We believe we are well positioned to transition into the spring selling season."

The company also updated its earnings guidance for the fourth quarter. The company now believes it will report fourth quarter earnings in the range of $0.98 - $1.00 per diluted share, which includes approximately $6.5 million (net of professional fees) or $0.07 per diluted share, representing a concession by South Bay Apparel Inc to the company concerning prior purchases of merchandise.

Excluding this vendor concession, the company expects fourth quarter earnings in the range of $0.91 - $0.93 per diluted share, compared to its previously issued guidance of $0.89 - $0.91 per diluted share.

This guidance compares to earnings of $0.76 per diluted share in the fourth quarter of last year, an increase of approximately 20% - 22%, excluding the vendor concession discussed above.

The company believes that the disclosure of diluted earnings per share excluding such other income, which is a non-GAAP financial measure, provides investors useful information to help them better understand the company's expected results without the impact of the other income described above.

Aeropostale Inc

Must ReadView All

Pic: Shutterstock

Textiles | On 18th Feb 2020

IMF says Indian economic environment weaker than projected

There is an urgent need for more ambitious structural and financial...

Pic: Shutterstock

Apparel/Garments | On 18th Feb 2020

Bangladesh RMG exporters expect order shift from Cambodia

Bangladesh's readymade garment (RMG) exporters feel the suspension of ...

Pic: Shutterstock

Textiles | On 18th Feb 2020

India to focus on 12 sunshine sectors to boost exports

India is focusing on 12-13 sectors with a competitive edge to boost...

Interviews View All

Top executives, Textile industry, India

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Anavila Misra, Anavila Collection

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Deepak Jain, Baggout

Deepak Jain

We are using Facebook and Instagram to promote ourselves

Cem Erdogrul,

Cem Erdogrul

Turkey-based Temsan Air Engineering is one of the leading manufacturers of ...

Jos Notermans,

Jos Notermans

SPGPrints is a global provider of integrated solutions for rotary screen...

Fan Liyuan,

Fan Liyuan

Chinese company Jiangsu Yingyang Nonwoven Machinery, established in 1993,...

Razvan Popescu, Directa Plus SpA

Razvan Popescu
Directa Plus SpA

Directa Plus is one of the largest producers and suppliers worldwide of...

Daniel Odermatt, Ventile

Daniel Odermatt

Ventile is a registered trademark used to brand a special high-quality...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

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

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search