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Total net sales soar at Aeropostale

24
Aug '07

Aeropostale Inc, a mall-based specialty retailer of active and casual apparel for young men and women reported results for the second quarter ended August 4, 2007. Due to our 3-for-2 stock split which was distributed to shareholders on August 21, 2007, all per share data is presented on a post-stock split basis.

Net income for the second quarter of fiscal 2007 was $14.7 million, or $0.19 per diluted share, an increase of 90.0% compared to net income of $8.4 million, or $0.10 per diluted share, in the second quarter of fiscal 2006.

For the second quarter of fiscal 2007, total net sales increased 13.3% to $311.2 million from $274.6 million in the second quarter of fiscal 2006.

For the second quarter, same store sales decreased 4.1%, compared to the corresponding period ended August 5, 2006. Year-to-date, total net sales increased 12.7% to $587.0 million from $520.9 million in the year-ago period. Year-to-date, same store sales decreased 1.1%, compared to the corresponding period ended August 5, 2006.

Julian R. Geiger, Chairman and Chief Executive Officer, said, "We are pleased with our accomplishments for the quarter, which reflect the strength and balance of our merchandise assortment as well as our disciplined approach to inventory management.

During the quarter we were able to generate strong increases in our gross margin and, as a result, deliver record second quarter earnings, which were at the high end of our previously issued guidance."

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