Aeropostale Reports Record Results for the Third Quarter of 2007.

Net Sales of $412.6 Million

Earnings Per Share Growth of 17% to $0.48 Per Diluted Share

Provides Fourth Quarter Guidance

NEW YORK -- Aeropostale, Inc. (NYSE: ARO), a mall-based specialty retailer of active and casual apparel for young men and women, today reported results for the third quarter ended November 3, 2007.

Julian R. Geiger, Chairman and Chief Executive Officer, said, "We are very pleased with our results for the quarter, which exceeded expectations. During the quarter we were able to drive consistent comparable store sales increases, while continuing to improve our gross margins over last year. We also ended the quarter with well controlled inventories."

Net income for the third quarter of fiscal 2007 was $36.0 million, or $0.48 per diluted share, compared to net income of $32.6 million, or $0.41 per diluted share, in the third quarter of fiscal 2006.

For the third quarter of fiscal 2007, total net sales increased 7.0% to $412.6 million, from $385.5 million in the third quarter of fiscal 2006. For the third quarter, same store sales increased 1.9% compared to the corresponding period ended November 4, 2006. Year-to-date, total net sales increased 10.3% to $999.6 million, from $906.4 million in the year-ago period. Year-to-date, same store sales increased 0.1% compared to the corresponding period ended November 4, 2006.

In addition to the Company's accelerated share repurchase program, which the Company announced on November 13, 2007, the Company also repurchased approximately $125.1 million, or 6.3 million shares of common stock during the third quarter of fiscal 2007.

Fourth Quarter Guidance

The Company also announced its earnings guidance for the fourth quarter of fiscal 2007. The Company believes it will achieve fourth quarter earnings in the range $0.82 to $0.84 per diluted share, including an approximate $0.08 positive impact from the accelerated share repurchase of $125.0 million, in addition to the share repurchases of $125.1 million, or 6.3 million shares made in the third quarter of fiscal 2007. Based on fourth quarter earnings per share guidance, the Company expects to achieve full year fiscal 2007 earnings in the range of $1.60 to $1.62 per diluted share. With this guidance, the company is poised to significantly exceed its objective of annual earnings per share growth of approximately 20% for fiscal 2007.

Julian R. Geiger, Chairman and Chief Executive Officer, continued, "The sales and margin momentum from our strong third quarter has carried over into our initial performance in the fourth quarter. Over the important Friday and Saturday following Thanksgiving Day, we achieved mid-single digit comparable store sales increases compared to a mid-single digit increase last year. We currently expect our November comparable store sales to increase in the mid-single digits range. The reaction to our holiday merchandise assortment has been positive and we remain focused on executing our strategies for the peak holiday selling season."

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 results.

Conference Call Information:

The Company will be holding a conference call today at 4:15 P.M. EST  to review its third quarter 2007 financial results. The broadcast will be available through the 'Investor Relations' link at www.aeropostale.com and at www.fulldisclosure.com. To listen to the broadcast your computer must have Windows Media Player installed. If you do not have Windows Media Player go to the latter site prior to the call, where you can download the software for free.

About Aeropostale, Inc.

Aeropostale, Inc. is a mall-based, specialty retailer of casual apparel and accessories, principally targeting 14 to 17 year-old young women and men. The company provides customers with a focused selection of high-quality, active-oriented, fashion and fashion basic merchandise at compelling values. Aeropostale maintains control over its proprietary brands by designing, sourcing, marketing and selling all of its own merchandise. Aeropostale products are currently purchased only in its stores or on-line through its e-commerce website (www.aeropostale.com).

The Company currently operates 801 Aeropostale stores in 47 states, 12 Aeropostale stores in Canada and 14 Jimmy'Z stores in 11 states.

SPECIAL NOTE: THIS PRESS RELEASE AND ORAL STATEMENTS MADE FROM TIME TO TIME BY REPRESENTATIVES OF THE COMPANY CONTAIN CERTAIN "FORWARD-LOOKING STATEMENTS" CONCERNING EXPECTATIONS FOR SALES, STORE OPENINGS, GROSS MARGINS, EXPENSES, STRATEGIC DIRECTION AND EARNINGS. ACTUAL RESULTS MIGHT DIFFER MATERIALLY FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS. AMONG THE FACTORS THAT COULD CAUSE ACTUAL RESULTS TO MATERIALLY DIFFER INCLUDE, CHANGES IN THE COMPETITIVE MARKETPLACE, INCLUDING THE INTRODUCTION OF NEW PRODUCTS OR PRICING CHANGES BY OUR COMPETITORS, CHANGES IN THE ECONOMY AND OTHER EVENTS LEADING TO A REDUCTION IN DISCRETIONARY CONSUMER SPENDING; SEASONALITY; RISKS ASSOCIATED WITH CHANGES IN SOCIAL, POLITICAL, ECONOMIC AND OTHER CONDITIONS AND THE POSSIBLE ADVERSE IMPACT OF CHANGES IN IMPORT RESTRICTIONS; RISKS ASSOCIATED WITH UNCERTAINTY RELATING TO THE COMPANY'S ABILITY TO IMPLEMENT ITS GROWTH STRATEGIES, AS WELL AS THE OTHER RISK FACTORS SET FORTH IN THE COMPANY'S FORM 10-K AND QUARTERLY REPORTS ON FORM 10-Q, FILED WITH THE SECURITIES AND EXCHANGE COMMISSION. THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENTS TO REFLECT SUBSEQUENT EVENTS OR CIRCUMSTANCES.

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