Home / Knowledge / News / Apparel/Garments / Aeropostale sees record performance in Q1

Aeropostale sees record performance in Q1

23
May '08
Aeropostale Inc, a mall-based specialty retailer of active and casual apparel for young men and women, reported results for the first quarter ended May 3, 2008. Net income for the first quarter of fiscal 2008 was $17.5 million, or $0.26 per diluted share, compared to net income of $13.8 million, or $0.18 per diluted share, in the first quarter of fiscal 2007.

For the first quarter of fiscal 2008, total net sales increased 22% to $336.3 million, from $275.8 million in the year-ago period. Same store sales for the first quarter increased 10%, compared to an increase of 3% in the year-ago period.

Julian R. Geiger, Chairman and Chief Executive Officer said, "We are thrilled with our record first quarter performance and solid start to fiscal 2008. Our spring merchandise assortment was very well received and Aeropostale continues to gain brand preference among teen customers.

During the quarter we remained committed to striking the right balance between fashion and value, while appropriately managing our inventory levels. As we head into the second quarter and important back-to-school selling season, we believe we are well positioned to continue to capture additional market share."

Second Quarter Guidance:
The Company announced its earnings guidance for the second quarter of fiscal 2008. The Company believes it will achieve earnings in the range $0.22 to $0.24 per diluted share for the second quarter.

Julian R. Geiger, Chairmanand Chief Executive Officer concluded, "We are very pleased with the momentum that we are generating and the strength, vitality and transportability of the Aeropostale brand. We also continue to make progress with our growth initiatives, and we remain excited about the future opportunities to maximize our long-term profitability."

Aeropostale Inc


Interviews View All

Mukesh Agarwal & Rajesh Agarwal, Madhuram Fincap Pvt Ltd

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Dinaz Madhukar, DLF Emporio and DLF Promenade

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Rajiv Sirohi, Shara

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Urmil Arya,

Urmil Arya

Sushila International, a well established textile organisation established ...

Carmen Silla,

Carmen Silla

Leading the transformation of the textiles industry with disruptive...

Farheen B Rahman & Priti Jain,

Farheen B Rahman & Priti Jain

Founded by business-designer duo <b>Priti Jain and Farheen Rahman</b>,...

S Ziya Gumuser, Teknomelt

S Ziya Gumuser
Teknomelt

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search