Aeropostale Earnings: Here’s Why the Stock is Falling Now
Aeropostale, Inc. (NYSE:ARO) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 3.82%.
Aeropostale, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.16 in the quarter versus EPS of $0.13 in the year-earlier quarter.
Revenue: Decreased 9.03% to $452.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Aeropostale, Inc. reported adjusted EPS loss of $0.16 per share. By that measure, the company beat the mean analyst estimate of $-0.17. It beat the average revenue estimate of $444.26 million.
Quoting Management: Thomas P. Johnson, Chief Executive Officer, commented, “As we had anticipated, our first quarter performance reflected an increase in promotional activity as we cleared through carryover inventory from the fourth quarter. In addition, we were impacted by a weak macroeconomic environment, as well as unseasonably cool weather. Our organization continues to work diligently to execute the initiatives we outlined earlier this year to transform the Aeropostale brand and develop our future growth drivers.”
Key Stats (on next page)…