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Aeropostale raises Q3 earnings guidance

10
Nov '08

Aeropostale Inc announced that total net sales for the four-week period ended November 1, 2008 increased 9% to $127.4 million, from $116.4 million for the four-week period ended November 3, 2007. The Company's same store sales increased 1% for the month, compared to a same store sales increase of 3% in the year ago period.

For the third quarter of fiscal 2008 total net sales have increased 17% to $482.0 million, from $412.6 million in the year ago period. For the third quarter same store sales increased 7%, compared to a same store sales increase of 2% last year.

Year to date total net sales have increased 20% to $1.195 billion, from $999.6 million in the year ago period. Year to date same store sales increased 9%, compared to essentially flat same store sales last year.

The Company also raised its earnings guidance for the third quarter today. Based on the better than expected results for the month, the Company now expects third quarter earnings in the range of $0.61 to $0.62 per diluted share, versus its previously issued guidance of $0.59 to $0.61 per share. The revised guidance compares to earnings of $0.48 per share last year, representing an increase of approximately 27% to 29%.

Aeropostale Inc. is a mall-based, specialty retailer of casual apparel and accessories, principally targeting 14 to 17 year-old young women and men. The Company provides customers with a focused selection of high-quality, active-oriented, fashion and fashion basic merchandise at compelling values.

Aeropostale Inc

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