Aeropostale makes seamless transition into spring selling season
09 Feb '07
3 min read
Mr. Geiger concluded, "We are ending the fiscal year on a very positive note and are pleased with the momentum we generated in our business over the last twelve months."
"We are on track to exceed our targeted earnings growth of 20% this year and are excited about our future prospects. We continue to focus on serving our core teen customers and remaining the dominant promotional specialty store in our space."
The company also updated its earnings guidance for the fourth quarter.
The company now believes it will report fourth quarter net earnings in the range of $1.06 - $1.07 per diluted share, which includes approximately $7.1 million (net of professional fees) or approximately $0.08 per diluted share, representing a concession by South Bay Apparel Inc to the company concerning prior purchases of merchandise.
Excluding this vendor concession, the company expects fourth quarter net earnings in the range of $0.98 - $0.99 per diluted share, compared to its previously issued guidance of $0.91 - $0.93 per diluted share, and as compared to net earnings of $0.76 per diluted share in the fourth quarter of last year, this represents an increase of approximately 29% - 30%, excluding the vendor concession discussed above.
marketing@alchempro.com
