Aeropostale, Inc. announced that total net sales for the four-week period ended May 1, 2004 increased 48.6% to $57.2 million, compared to $38.5 million for the four-week period ended May 3, 2003. The company's comparable store sales increased 19.3% for the month, versus a comparable store sales increase of 8.0% in the year ago period.
For the first fiscal quarter of 2004, total net sales have increased 49.5% to $167.7 million, compared to $112.2 million in the year-ago period. Comparable store sales for the first quarter have increased 18.9%, as compared to a year-ago first quarter comparable store sales increase of 1.8%
Julian R. Geiger, Chairman and Chief Executive Officer said, “We are very pleased with our April sales results, which were better than our expectations. The continued strength of our merchandise assortment, coupled with a significant increase in the number of transactions enabled us to achieve strong results for the month.”
The company also increased its guidance for the first quarter. The company now believes it will report first quarter earnings per fully diluted share of $0.09 versus the current First Call earnings consensus of $0.07 per fully diluted share (as adjusted for the 3 for 2 stock split effected on April 26, 2004).
In a separate release today, the company also announced that it has appointed Robert Chavez, President and Chief Executive Officer of Hermes of Paris Inc., to its Board of Directors.