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Aeropostale second quarter net sales increase 20%

22
Aug '09
Aeropostale Inc reported results for the second quarter ended August 1, 2009. Net income for the second quarter of fiscal 2009 was $38.6 million, or $0.57 per diluted share, compared to net income of $21.1 million, or $0.31 per diluted share, in the second quarter of fiscal 2008. Results for the second quarter include pre-tax charges of approximately $0.6 million related to the closing of the Company's Jimmy'Z concept.

For the second quarter of fiscal 2009, total net sales increased 20% to $453.0 million, from $377.1 million in the year ago period. Same store sales for the second quarter increased 12%, compared to a same store sales increase of 11% last year. Year to date, total net sales have increased 21% to $861.0 million, from $713.5 million in the year ago period. Year to date, same store sales have increased 11%, compared to a same store sales increase of 10% last year.

Total net revenue from the Company's e-commerce business for the second quarter of fiscal 2009 increased 49% to $15.8 million, from $10.6 million for the second quarter of fiscal 2008.

Julian R. Geiger, Chairman and Chief Executive Officer, said, "We are extremely pleased with our results for the second quarter. We continue to create strong brand momentum by striking the right balance between fashion and value. Our initial reads on our back to school merchandise have been positive and we believe that we are well positioned as we head into the second half of the year. We remain focused on executing our strategic initiatives and investing in our business to support long-term growth."

Third Quarter Guidance:

The Company announced its earnings guidance for the third quarter of fiscal 2009. The Company believes it will achieve earnings in the range $0.76 to $0.78 per diluted share for the third quarter, compared to earnings of $0.63 per share in the third quarter last year.

Aeropostale Inc


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