Aeropostale Reports Mixed Earnings (ARO)

Aeropostale, Inc. (ARO) reports Q2 EPS of $0.46 versus estimates of $0.46. Aeropostale, Inc. reports revenues of $494.7 million versus estimates of $503.07 million. Same store sales for the second quarter increased 4%, compared to a same store sales increase of 12% last year. Co-Chief Executive Officers Mindy C. Meads and Thomas P. Johnson, said, "We are very proud of the dedication and hard work of our entire organization in achieving these results. The consistency of our results underscores the strength and talent of our organization, the power of our brand, and the flexibility of our operating model." For the third quarter of fiscal 2010 the company expects net earnings in the range of $0.61 to $0.63 per diluted share, which includes a previously disclosed after-tax charge of approximately $3.8 million, or $0.04 per share, resulting from the related third quarter retirement plan payment to its Chairman and former Chief Executive Officer. This guidance compares to net earnings of $0.61 per share in the third quarter last year. Shares of ARO are lower in the after-hours by 0.77%.