NEW YORK (
) -- You don't get numbers much better than those posted by
in its second quarter: an 83% surge in profit, a 20% jump in sales and a 12% increase in same-store sales.
Once again, the teen retailer is proving that if you offer merchandise to consumers at wallet-friendly prices, they will spend.
But for the second time today, investors are punishing the few retailers that are actually reporting good news. Shares of Aeropostale ended the day up slightly, gaining 0.6% to $35.88, but they retreated 1% in after-market trading.
During the quarter, the company earned $38.6 million, or 57 cents a share, compared with $21.2 million, or 31 cents a share, in the year-ago period.
Results included charges of $600,000 related to the closing of the Jimmy'Z concept.
Sales grew to $453 million from $377.1 million, while online sales shot up 49% to $15.8 million.
Going forward, Aeropostale expects third-quarter earnings in the range of 76 cents to 78 cents a share, compared with 63 cents in the third quarter last year. Analysts are looking for EPS of 76 cents in the third quarter.
after reporting uplifting news. Despite a 12% jump in second-quarter earnings on same-store sales growth of 8.6%, shares of the company closed down nearly 4% at $26.84 in Thursday's regular session.
It's been a struggle for other players in the teen-retail space.
Abercrombie & Fitch
, for example,
as sales across all of its divisions were sluggish.
-Reported by Jeanine Poggi in New York.
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