Aeropostale Gains After Sales Update


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.

Disclaimer:

The assembled information distributed by headlineotc.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Headlineotc.com does expect that investors will buy and sell securities based on information assembled and presented herein. Headlineotc.com will not be responsible in any way for or accept any liability for any losses arising from an investor’s reliance on or use of information obtained from our website or emails. PLEASE always do your own due diligence, and consult your financial adviser.

Tagged with: |
Our Research Report on BSX is now available. Don´t Trade BSX until you Read our FREE FULL REPORT. Click Here