NEW YORK ( TheStreet) -- Retail stocks are moving wildly following April same-store sales results and earnings reports. Aeropostale ( ARO) is one of the biggest decliners, after the teen retailer lowered its first-quarter outlook. The teen retailer said on Thursday that its same-store sales during the quarter declined at least 7% compared with an 8% increase in the year prior. Aeropostale was forced to increase its promotional levels in order to move spring and clearance merchandise. >Live Blog: April Retail Sales As a result, management slashed its outlook for the quarter to 20 cents a share from prior forecast of 35 cents to 38 cents. Shares of Aeropostale toppled 15.3% to $21.60 in afternoon trading. On the other end of the spectrum, shares of rival Abercrombie & Fitch ( ANF) are trading higher, following its better-than-expected first-quarter sales results. The company reported a 22% jump in sales to $836.7 million, higher than the $793.2 million analysts expected. Total same-store sales for the three-month period rose 10%. Shares of Abercrombie & Fitch increased 5.6% to $74.67 Thursday afternoon Men's Wearhouse ( MW) raised its first-quarter guidance, sending shares skyrocketing 17% to $32.70.
The men's clothing chain now foresees profit in the range of 47 cents to 50 cents a share, from prior forecast of 26 cents. Analysts were calling for earnings of 36 cents a share. This comes after the company reported a 10.8% surge in first-quarter comparable sales at its namesake stores. Bebe Stores ( BEBE) shares were up 5.3% to $6.95, after it reported in-line earnings and higher revenue for the first quarter. For the three-month period, the specialty retailer lost 3 cents a share on $109.5 million, compared with Wall Street's forecast of a loss of 3 cents and revenue of $102.5 million. Ross Stores ( ROST), Hot Topic ( HOTT), and Dillard's ( DDS) are also among the gainers, after both topped analysts' same-store sales estimates. --Written by Jeanine Poggi in New York. >To contact the writer of this article, click here: Jeanine Poggi. >To follow the writer on Twitter, go to http://twitter.com/jpoggi.
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