Aeropostale, Inc. increased 4.38% to $15.96 on 1.33 million shares in the morning hours. The company announced that total net sales for the nine-week period ended December 31, 2011 decreased 5% to $682.6 million, as compared to $718.5 million for the same period last year. The Company’s same store sales decreased 10%, as compared to a same store sales decrease of 4% for the same period last year.
The Company also revised its previously issued earnings guidance for the fourth quarter of 2011 in the range of approximately $0.35 to $0.38 per diluted share.
The Company expects to announce fourth quarter and fiscal 2011 earnings results on Thursday, March 8, 2012 at 4:15 PM (EST).
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 stores. The Company designs, sources, markets and sells all of its own merchandise. P.S. from Aeropostale products can be purchased in P.S. from Aeropostale stores, in certain Aeropostale stores, including its new Times Square store in New York City and online at www.ps4u.com.
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