Apparel seller Aeropostale ( ARO) reported solid financial results for the first quarter and said that earnings for the next quarter and full year could come in ahead of expectations.

For the first fiscal quarter the company earned $2.1 million, or 5 cents a share, compared to a profit of $592,000, or 1 cent a share, in the same quarter the prior year. Sales for the quarter climbed 31.8% to $112.2 million from $85.1 million a year ago. Same-store sales increased 1.8%, following a 22% rise in the prior year.

Aeropostale said it remains on track to open at least 85 locations in the current year, including about 20 stores in new markets. The company currently operates 398 stores in 39 states.

The company said it now believes it could break even in the second quarter, whereas previously Aeropostale thought it might lose up to 2 cents a share. For the full fiscal year, the company expects to earn $1.13 to $1.18.

Analysts polled by Thomson First Call were expecting earnings of 2 cents in the first quarter. Wall Street is looking for a break-even second quarter and a profit of $1.13 for the year.