NEW YORK, May 3, 2012 /PRNewswire/ -- Aeropostale, Inc. (NYSE: ARO), a mall-based specialty retailer of casual apparel for young women and men, raised its earnings guidance for the first quarter.
For the first quarter of fiscal 2012 net sales increased 6% to $497.4 million, from $469.2 million in the year ago period. Comparable sales, including the e-commerce channel, for the first quarter increased 2%, compared to a 5% decrease last year. Same store sales, excluding the e-commerce channel, for the first quarter were essentially flat, compared to a 7% decrease last year.
Thomas P. Johnson, Chief Executive Officer, commented, "During the quarter we continued to make solid progress with our strategic initiatives. We infused newness into our merchandise assortment and amplified our fashion message to our consumer."
Based on the better than expected performance for the quarter, the Company now expects first quarter earnings in the range of $0.12 to $0.13 per diluted share, versus its previously issued guidance range of $0.08 to $0.10 per diluted share.The Company expects to announce first quarter earnings on Thursday, May 17, 2012 at 4:15 PM (EDT). 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 through its Aeropostale® stores and 4 to 12 year-old kids through its P.S. from Aeropostale® stores. The Company provides customers with a focused selection of high-quality, active-oriented, trend-right merchandise at compelling values. Aeropostale® maintains control over its proprietary brands by designing, sourcing, marketing and selling all of its own merchandise. Aeropostale® products can only be purchased in its Aeropostale stores and online at www.aeropostale.com. P.S. from Aeropostale® products can be purchased in P.S. from Aeropostale® stores , in certain Aeropostale® stores including our Times Square store in New York City and online at www.ps4u.com. The Company currently operates 916 Aeropostale stores in 50 states and Puerto Rico, 69 Aeropostale stores in Canada and 81 P.S. from Aeropostale stores in 21 states.