Merchandise assortment performs well in March at Aeropostale
13 Apr '07
2 min read
Aeropostale Inc announced that total net sales for the five-week period ended April 7, 2007 increased 31.5% to $124.8 million, from $94.9 million for the five-week period ended April 1, 2006. Same store sales for the month increased 15.9%, compared to the corresponding five-week period ended April 8, 2006.
Year-to-date, total net sales have increased 23.2% to $200.4 million, from $162.7 million in the year-ago period. Year-to-date, same store sales have increased 10.3%, compared to the corresponding period ended April 8, 2006.
Julian R. Geiger, Chairman and Chief Executive Officer said, "We are extremely pleased with our performance for the month. Our results reflect a strong reaction to our spring merchandise assortment, and a high-single digit comp store sales benefit from the shift in Easter."
"During the month we experienced broad-based strength across all of our merchandise categories - women's, men's and accessories. We were also able to achieve significant increases in both our merchandise margins and average unit retails, while managing our inventories. We are gratified by our strong and consistent performance over the past several months and we remain excited about our future opportunities."
The company also updated guidance for the first quarter of fiscal 2007. The company now expects net earnings in the range of $0.22-$0.23 per diluted share, versus its previously issued guidance of $0.19-$0.21 per diluted share. This compares tonet earnings of $0.15 per diluted share in the first quarter last year.
The company believes that the disclosure of sales on a pro-forma basis due to the 53rd week in fiscal 2006, which is a non-GAAP financial measure, provides investors useful information to help them better understand the company's expected results.
marketing@alchempro.com
