{"id":28890,"date":"2014-08-20T08:49:29","date_gmt":"2014-08-20T12:49:29","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=28890"},"modified":"2014-08-20T08:49:29","modified_gmt":"2014-08-20T12:49:29","slug":"aeropostale-inc-nysearo-boosts-2q-outlook","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/aeropostale-inc-nysearo-boosts-2q-outlook-28890","title":{"rendered":"Aeropostale Inc (NYSE:ARO) Boosts 2Q Outlook"},"content":{"rendered":"

Boston, MA 08\/20\/2014 (wallstreetpr) \u2013 A mall-based chain of specialty retailer of casual apparel, Aeropostale Inc (NYSE:ARO)<\/strong> had lifted its outlook for the second quarter. The company had also disclosed its sales number for the second quarter, which was more than the Street analysts\u2019 predictions.<\/p>\n

The company<\/a> had also revealed that it was bringing back Julian Geiger as its Chief Executive Officer to arrest the falling sales and reposition itself to turnaround to profitability.<\/p>\n

Outlook<\/strong><\/p>\n

On a GAAP basis, Aeropostale expects to suffer an operating loss of $61 – $64 million or a net loss of 80 \u2013 83 cents a share in the second quarter. This includes charges of $29 – $31 million or 37 \u2013 39 cents a share. However, on an adjusted basis,\u00a0Aeropostale Inc (NYSE:ARO) predicts a smaller loss than it originally expected. Accordingly, it now expects to incur a loss of $36 – $38 million or a loss of 42 \u2013 45 cents a share compared to an operating loss of $49 – $54 million or a net loss per share of 55 \u2013 61 cents estimated earlier. On average, Wall Street analysts<\/a> expect the company to suffer a loss of 59 cents a share.<\/p>\n

Aeropostale Inc (NYSE:ARO)\u00a0had also disclosed that its net sales fell 13% to $396.2 million from $454.0 million in the year-ago quarter. Its comparable sales also dipped 13% over the previous year quarter period. Street analysts\u2019 predicted the company to generate revenue of $392.6 million, representing 13.5% downtick.<\/p>\n

Re-Entry For Julian Geiger<\/strong><\/p>\n

Aeropostale said that Julian Geiger has come back to\u00a0Aeropostale Inc (NYSE:ARO) as its Chief Executive Officer with immediate effect. He would also continue to be a member of its Board of Directors. Thomas Johnson has agreed to quit from his position of CEO, as well as, the Director, and he would be available to ensure a smooth transition.<\/p>\n

Aeropostale Inc (NYSE:ARO)\u2019s Chairperson, Karin Hirtler-Garvey, said that Julian was an ideal choice for the company because of his earlier stint as the CEO and the passion he brought to the brand image. He was also a leader of the strategic direction during the significant growth period, and\u00a0Aeropostale Inc (NYSE:ARO) expressed its confidence that he would guide and enhance its sales channels.<\/p>\n","protected":false},"excerpt":{"rendered":"

Boston, MA 08\/20\/2014 (wallstreetpr) \u2013 A mall-based chain of specialty retailer of casual apparel, Aeropostale Inc (NYSE:ARO) had lifted its outlook for the second quarter. 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