Aeropostale Inc, a mall-based specialty retailer of active and casual apparel for the teen market, reported results for the second quarter ended July 29, 2006.
Second quarter performance:
Net income for the second quarter of fiscal 2006 was $8.4 million, or $0.16 per diluted share (which includes $2.1 million of other income in connection with the resolution of a dispute with a vendor regarding the enforcement of the company's intellectual property rights).
Net income, excluding other income, was $7.2 million, or $0.13 per diluted share for the second quarter of fiscal 2006.
The above-mentioned results included net losses from the company's jimmy'z subsidiary of ($0.03) per diluted share for the second quarter of 2006 and ($0.02) for the second quarter of fiscal 2005.
In addition, the consolidated results for the second quarter of 2006 included a $0.01 per diluted share charge related to the expensing of stock options.
For the second quarter of fiscal 2006, total net sales increased 18.0 percent to $274.6 million, compared to $232.8 million in the year-ago period.
Comparable store sales for the second quarter increased 1.0 percent, versus a comparable store sales decrease of 2.2 percent in the year-ago period. fiscal year to date, total net sales increased 17.2 percent to $520.9 million, compared to $444.4 million in the year-ago period.
Also fiscal year to date, comparable store sales decreased 0.9 percent, versus a comparable store sales increase of 0.9 percent in the year-ago period.
marketing@alchempro.com
