Aeropostale Reports October Sales Results; Total Sales Increase 28.3%, Comparable Store Sales Increase 9.1%; Raises Guidance for the Third Quarter.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Aeropostale, Inc. (NYSE NYSE See: New York Stock Exchange : ARO), a mall-based specialty retailer of casual and active apparel for young women and men, today announced that total net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight for the four-week period ended October 30, 2004 increased 28.3% to $72.0 million, compared to $56.1 million for the four-week period ended November 1, 2003. The company's comparable store sales increased 9.1% for the month, versus a comparable store sales decrease of 6.8% in the year ago period. For the quarter ended October 30, 2004, total net sales increased 24.8% to $274.6 million, compared to $220.1 million in the quarter ended November 1, 2003. Comparable store sales for the third quarter increased 5.4%, compared to 5.2% in the year ago quarter. Year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. , total net sales increased 37.8% to $637.1 million, compared to $462.2 million in the year-ago period. Year to date, comparable store sales increased 12.8%, compared to an increase of 5.4% in the year-ago period. Julian R. Geiger, Chairman and Chief Executive Officer said, "We are pleased with our results for the month and for the third quarter, which translate into record sales and earnings. The transition into the key Holiday selling season has been smooth and we continue to believe that we have the right merchandise and powerful promotions to have a successful holiday season." The company also increased its guidance for the third quarter today. The company now believes it will report earnings between $0.53 and $0.54 per fully diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share, which represents a more than 43% increase compared to earnings of $0.37 per share in the year ago quarter. This new guidance exceeds the company's previously issued guidance of $0.51 per share and the current First Call consensus estimate of $0.52 per share. To hear the Aeropostale prerecorded pre·re·cord tr.v. pre·re·cord·ed, pre·re·cord·ing, pre·re·cords To record (a television program, for example) at an earlier time for later presentation or use. Adj. 1. October sales message, please dial (877) 519-4471 or (973) 341-3080, followed by the conference identification number #4497112. About Aeropostale, Inc. Aeropostale, Inc. (www.aeropostale.com) is a mall-based specialty retailer of casual apparel and accessories that targets both young women and young men aged 11 to 20. The company provides customers with a selection of high-quality, active-oriented, fashion basic merchandise in a high-energy store environment. The company maintains complete control over the proprietary brand by designing and sourcing all of its own merchandise. Aeropostale products can be purchased only in its stores, which sell Aeropostale merchandise exclusively. The first Aeropostale store was opened in 1987. The company currently operates 560 stores in 43 states. Special Note: Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Except for historical information contained herein, the statements made in this release constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve certain risks and uncertainties, including statements regarding the company's strategic direction, prospects and future results. Certain factors, including factors outside of our control, may cause actual results to differ materially from those contained in the forward-looking statements. These factors include the company's ability to implement its growth strategy successfully, changes in consumer fashion preferences, economic and other conditions in the markets in which we operate, competition, seasonality and the other risks discussed in the company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended January 31, 2004 filed with the Securities and Exchange Commission, which discussions are incorporated in this release by reference. |
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