Apparel retailer Aeropostale Q3 sales soar 18.2%

18 Nov '05

3 min read

This increased the total repurchase program to $150.0 million. As of October 29, 2005, the company had purchased back approximately $99.3 million (4.2 million shares) under the repurchase program.

The company also announced its earnings guidance for the fourth quarter of fiscal 2005.

The company noted that it expects to achieve fourth quarter earnings in the range of $0.55 - $0.61 per diluted share and expects to achieve a comparable store decrease in the low to mid single digits.

The company also announced its store opening plans for fiscal 2006.

The company intends to open 65 Aeropostale stores and 5 Jimmy'Z stores.

Aeropostale Inc is a mall-based, specialty retailer of casual apparel and accessories, principally targeting 11 to 18 year-old young women and men.

The company provides customers with a focused selection of high-quality, active-oriented, fashion basic merchandise at compelling values.

Aeropostale maintains control over its proprietary brands by designing, marketing and selling all of its own merchandise.

Jimmy'Z, a wholly owned subsidiary of Aeropostale Inc, is a California lifestyle-oriented brand targeting fashion-aware young women and men ages 18 to 25.

Jimmy'Z offers customers trend-right apparel in an innovative and unique store environment.

The first Aeropostale store was opened in 1987.

The company currently operates 659 Aeropostale stores in 47 states and 13 Jimmy'Z stores in 10 states.

Aeropostale Inc

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