- Prachi Singh |
Net sales at Aeropostale decreased 17 percent in the second quarter to 326.9 million dollars, from 396.2 million dollars in the year ago period. Comparable sales, including the ecommerce channel, decreased 8 percent, compared to a decrease of 13 percent for the corresponding 13-week period ended August 2, 2014.
The company reported a net loss of 43.7 million dollars, or 0.55 dollar per diluted share. Excluding the charges that led to the net loss, the company reported an adjusted net loss of 44.8 million dollars, or 0.56 dollar per diluted share. The company reported an operating loss of 37.4 million dollars or, excluding the aforementioned charges, an adjusted operating loss of 38.6 million dollars.
”The second quarter was an important transitional time for us in which we set the stage for the second half of the year. We attained very high levels of merchandise currency, we delivered our new back to school merchandise, and we refocused our marketing efforts around key items, all while attaining operating results consistent with the better end of our guidance,” said Julian R. Geiger, Chief Executive Officer.
For the third quarter, the company expects operating losses in the range of 19 dollars to 25 million dollars, which translates to a net loss in the range of 0.30 dollar to 0.38 dollar per diluted share. This outlook excludes the impact of any store impairments or accelerated store closing costs which may be identified, and consulting fees.