Aeropostale Reports Record September Sales Results; Same Store Sales Increase 19%; Raises Third Quarter Earnings Guidance
08 Oktober 2009 - 2:05PM
PR Newswire (US)
NEW YORK, Oct. 8 /PRNewswire-FirstCall/ -- Aeropostale, Inc.
(NYSE:ARO), a mall-based specialty retailer of casual and active
apparel for young women and men, today announced that total net
sales for the five-week period ended October 3, 2009 increased 28%
to $187.3 million, from $146.7 million for the five-week period
ended October 4, 2008. The Company's same store sales increased 19%
for the month, compared to a same store sales increase of 5% in the
year ago period. The Company believes that its results for the
month reflect a positive same store sales impact due to the Labor
Day calendar shift. Year to date, total net sales have increased
21% to $1.290 billion, from $1.068 billion in the year ago period.
Year to date, same store sales have increased 12%, compared to a
same store sales increase of 10% in the same period last year. The
Company stated that the continued strength of its merchandise
assortment, coupled with its compelling pre-planned promotions, led
to another month of record sales. The Company also stated that its
merchandise margins continued to improve over last year, and that
its inventories remain well controlled and on plan. Third Quarter
Guidance: Based on the better than expected results for the month,
the Company now believes it will achieve net earnings in the range
$0.84 to $0.85 per diluted share, compared to its previously issued
earnings guidance in the range of $0.78 to $0.80 per share. The
Company achieved net earnings of $0.63 per share in the third
quarter last year. To hear the Aeropostale prerecorded September
sales message, please dial (866) 644-7738 or (585) 267-8033. About
Aeropostale, Inc. Aeropostale, Inc. is a mall-based, specialty
retailer of casual apparel and accessories, principally targeting
14 to 17 year-old young women and men through its Aeropostale®
stores and 7 to 12 year-old kids through its P.S. from
Aeropostale(TM) stores. The Company provides customers with a
focused selection of high-quality, active-oriented, fashion and
fashion basic merchandise at compelling values. Aeropostale®
maintains control over its proprietary brands by designing,
sourcing, marketing and selling all of its own merchandise.
Aeropostale® products can only be purchased in its Aeropostale
stores and online at http://www.aeropostale.com/. P.S. from
Aeropostale(TM) products can be purchased in P.S. from
Aeropostale(TM) stores and online at http://www.ps4u.com/. The
Company currently operates 891 Aeropostale stores in 49 states and
Puerto Rico, 39 Aeropostale stores in Canada and 9 P.S. from
Aeropostale stores in 3 states. SPECIAL NOTE: THIS PRESS RELEASE
AND ORAL STATEMENTS MADE FROM TIME TO TIME BY REPRESENTATIVES OF
THE COMPANY CONTAIN CERTAIN "FORWARD-LOOKING STATEMENTS" CONCERNING
EXPECTATIONS FOR SALES, STORE OPENINGS, GROSS MARGINS, EXPENSES,
STRATEGIC DIRECTION AND EARNINGS. ACTUAL RESULTS MIGHT DIFFER
MATERIALLY FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS.
AMONG THE FACTORS THAT COULD CAUSE ACTUAL RESULTS TO MATERIALLY
DIFFER INCLUDE, CHANGES IN THE COMPETITIVE MARKETPLACE, INCLUDING
THE INTRODUCTION OF NEW PRODUCTS OR PRICING CHANGES BY OUR
COMPETITORS, CHANGES IN THE ECONOMY AND OTHER EVENTS LEADING TO A
REDUCTION IN DISCRETIONARY CONSUMER SPENDING; SEASONALITY; RISKS
ASSOCIATED WITH CHANGES IN SOCIAL, POLITICAL, ECONOMIC AND OTHER
CONDITIONS AND THE POSSIBLE ADVERSE IMPACT OF CHANGES IN IMPORT
RESTRICTIONS; RISKS ASSOCIATED WITH UNCERTAINTY RELATING TO THE
COMPANY'S ABILITY TO IMPLEMENT ITS GROWTH STRATEGIES, AS WELL AS
THE OTHER RISK FACTORS SET FORTH IN THE COMPANY'S FORM 10-K AND
QUARTERLY REPORTS ON FORM 10-Q, FILED WITH THE SECURITIES AND
EXCHANGE COMMISSION. THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE
OR REVISE ANY FORWARD-LOOKING STATEMENTS TO REFLECT SUBSEQUENT
EVENTS. Company Contact: Kenneth Ohashi/Vice President, Investor
& Media Relations (646) 452-1876 or kohashi@Aéropostale.com
Media Contact: Leigh Parrish/Diane Zappas, FD (212) 850-5600
DATASOURCE: Aeropostale, Inc. CONTACT: Kenneth Ohashi, Vice
President, Investor & Media Relations, 646-452-1876, ; Media,
Leigh Parrish or Diane Zappas, both of FD, +1-212-850-5600 Web
Site: http://www.aeropostale.com/
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