Aeropostale Inc a mall-based specialty retailer of casual and active apparel for young women and men, announced that total net sales for the four-week period ended May 5, 2007 decreased 9.8% to $75.4 million, from $83.6 million for the four-week period ended April 29, 2006.
Same store sales for the month decreased 14.0%, compared to the corresponding four-week period ended May 6, 2006.
For the first quarter of fiscal 2007, total net sales have increased 12.0% to $275.8 million, from $246.3 million in the year-ago period. Same store sales for the first quarter have increased 2.5%, compared to the corresponding period ended May 6, 2006.
Julian R. Geiger, Chairman and Chief Executive Officer said, "While our results for the month reflect the negative effect from the shift in Easter, we remain very pleased with our performance for the first quarter, particularly the combined March and April period in which we generated a 2.6% comparable store sales increase. During the month we continued to control both the depth of our promotions and level of our inventory”
“Accordingly, we were able to maintain the positive trend in our gross margins and we are on track to end the quarter with earnings above our previously issued guidance. We also remain well positioned for a smooth transition into the summer selling season."
Based on the positive trend in gross margins for the month, the company updated guidance for the first quarter of fiscal 2007.
marketing@alchempro.com
